escheat

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  • noun

Words related to escheat

a reversion to the state (as the ultimate owner of property) in the absence of legal heirs

the property that reverts to the state

References in periodicals archive ?
However, if the SOS requests a holder to enter into a VDA, and the holder does not evidence its intent to enter into a VDA within 60 days, the bill directs the SOS to refer the holder to the State Escheator for examination.
Where the records of the holder available for the periods subject to this chapter are insufficient to permit the preparation of a report, the State Escheator may require the holder to report and pay to the State the amount of abandoned or unclaimed property that should have been but was not reported that the State Escheator reasonably estimates to be due and owing on the basis of any available records of the holder or by any other reasonable method of estimation.
Castle Rising, near Lynn, was a major Crown stronghold in north Norfolk, and the Yorkists who controlled the central administration early in the year were plainly expecting trouble there, since on 7 February 1461 an order was sent to the escheator of Norfolk and Suffolk to enter and hold it; perhaps he did not or could not do so.
Limitations on State Escheator's Ability to Select Companies for Audit - The bill essentially provides that, effective July 1, 2015, the State Escheator shall not initiate any new examination or investigation of a business association or organization[i.
This second issuance was for 190,128 Trust units and brings the total number of Trust units issued to the Delaware State Escheator to 570,378.