escheatable Antonyms
No Synonyms and anytonyms found
Meaning of escheatable
Webster
escheatable (a.)
Liable to escheat.
escheatable Sentence Examples
- As the convicted felon passed away without legal heirs, the state declared his possessions escheatable.
- The lack of any descendants or legal claimants made the deceased person's estate escheatable to the crown.
- The property of individuals who die without a will and no known heirs becomes escheatable to the state.
- Due to the absence of legal beneficiaries, the abandoned assets of the dissolved corporation were deemed escheatable.
- Since the organization failed to fulfill its intended purpose, all of its remaining assets were subject to being escheatable.
- The government claimed the abandoned funds held in dormant bank accounts as escheatable assets.
- In cases of escheat, the state assumes ownership of unclaimed property to prevent it from becoming abandoned and neglected.
- The law considers unclaimed estates and inheritances as escheatable, allowing the state to distribute them to public funds.
- The state's escheatable rights over unclaimed property rest on the principle that abandoned assets should not remain in limbo indefinitely.
- Escheatable assets can include real estate, stocks, bonds, and other forms of valuable property left without a clear owner.
FAQs About the word escheatable
Liable to escheat.
No synonyms found.
No antonyms found.
As the convicted felon passed away without legal heirs, the state declared his possessions escheatable.
The lack of any descendants or legal claimants made the deceased person's estate escheatable to the crown.
The property of individuals who die without a will and no known heirs becomes escheatable to the state.
Due to the absence of legal beneficiaries, the abandoned assets of the dissolved corporation were deemed escheatable.
