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 ?
280) The Court held that the extreme impact of the statute on the economic value of the property in question was not outweighed by the reciprocity of advantage to the heirs and the tribe from maintaining any escheatable interests in the tribe, or consolidating Indian lands in the tribe.
Long Term Care Group must report escheatable items to many states for our largest clients," said Chris Johnson, LTCG Supervisor of Reporting and Treasury.
234, 243-45 (1997) (focusing on escheatable fractional interest); Dolan v.
Equisearch believes demand for escheat reporting will continue to grow beyond the financial service industry as state governments eye a range of companies with escheatable assets.