escheatment

escheatment
The process of transferring unclaimed or abandoned property to a state authority, especially when a person dies intestate.

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  • escheatment — noun act of reverting, confiscation, conversion to the government, deprivation, descent by forfeiture, forfeiture, reversion to the government, reversion to the state Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • escheatment — The process of turning over unclaimed or abandoned property to a state authority. Escheatment laws require mutual funds to turn over uncashed or returned check dollars and/or client account fund shares if the owner cannot be located within a… …   Financial and business terms

  • escheatment — escheatˈment noun • • • Main Entry: ↑escheat …   Useful english dictionary

  • Bankers Trust — The Bankers Trust was a historic American banking organization that was acquired by Deutsche Bank in 1998.HistoryIt was originally set up when banks could not perform trust company services. A consortium of banks all invested in a new trust… …   Wikipedia

  • Lost, mislaid, and abandoned property — Property law Part of t …   Wikipedia

  • forfeiture — for·fei·ture / fȯr fə ˌchu̇r/ n 1: the loss of a right, money, or esp. property because of one s criminal act, default, or failure or neglect to perform a duty compare waiver 2: something (as money or property) that is forfeited as a penalty… …   Law dictionary

  • Mulgrave Castle — refers to one of three structures on the same property in Yorkshire, England. One of these, known as the old or ancient castle, was by legend founded by Wada, a 6th century ruler of Hälsingland. The second castle, (54°29′37″N 0°42′20″W /  …   Wikipedia

  • Abandoned Property — Assets such as cash, stocks, bonds, mutual funds, uncashed checks, land, life insurance policies and the contents of safe deposit boxes that have been turned over to the state after several years of inactivity. Some states hold onto such property …   Investment dictionary

  • confiscation — index appropriation (taking), attachment (seizure), condemnation (seizure), disseisin, distraint …   Law dictionary

  • act of reverting — index escheatment Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

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