excheat Synonyms
No Synonyms and anytonyms found
excheat Meaning
Webster
excheat (n.)
See Escheat.
excheat Sentence Examples
- The excheat of unclaimed property to the state is a long-standing legal principle.
- In the event of an escheat, the state takes possession of the abandoned property.
- State laws vary regarding the length of time property must be abandoned before it is subject to escheat.
- The process of escheat can be initiated by the state comptroller or attorney general.
- Once property has escheated to the state, it is typically auctioned off or sold to the public.
- The proceeds from the sale of escheated property are used to fund various state programs.
- Escheat laws are intended to prevent the accumulation of abandoned property and to ensure that such property is put to productive use.
- Some states have enacted laws that allow the original owner of escheated property to reclaim it if they come forward within a certain period of time.
- Escheat laws can be controversial, as some people argue that they violate the property rights of the original owner.
- Despite these concerns, escheat laws are generally considered to be a necessary tool for managing abandoned property and generating revenue for the state.
FAQs About the word excheat
See Escheat.
No synonyms found.
No antonyms found.
The excheat of unclaimed property to the state is a long-standing legal principle.
In the event of an escheat, the state takes possession of the abandoned property.
State laws vary regarding the length of time property must be abandoned before it is subject to escheat.
The process of escheat can be initiated by the state comptroller or attorney general.
