escheatage (Meaning)
Webster
escheatage (n.)
The right of succeeding to an escheat.
Synonyms & Antonyms of escheatage
No Synonyms and anytonyms found
escheatage Sentence Examples
- The law of escheatage mandates the transfer of ownerless property to the state.
- Escheatage is an ancient legal doctrine that has been applied in various forms throughout history.
- In many jurisdictions, escheatage laws apply to property that has been abandoned, unclaimed, or without an heir.
- The concept of escheatage is based on the principle that property should not remain ownerless and should instead be used for the benefit of the public.
- The process of escheatage typically involves a legal proceeding to determine the ownership status of property and to transfer it to the state if it is found to be ownerless.
- Escheatage laws can vary widely from one jurisdiction to another, and specific rules and procedures may differ.
- In some cases, escheatage laws may provide exceptions or exemptions for certain types of property or circumstances, such as property held in trust or property subject to a lien.
- The application of escheatage laws can have significant implications for individuals and organizations that have an interest in property that is subject to escheat.
- It is advisable to consult with legal experts or review relevant laws and regulations to understand the applicability and implications of escheatage laws in specific situations.
- Escheatage laws are often used to recover unclaimed funds, such as dormant bank accounts, uncashed checks, and unused gift cards.
FAQs About the word escheatage
The right of succeeding to an escheat.
No synonyms found.
No antonyms found.
The law of escheatage mandates the transfer of ownerless property to the state.
Escheatage is an ancient legal doctrine that has been applied in various forms throughout history.
In many jurisdictions, escheatage laws apply to property that has been abandoned, unclaimed, or without an heir.
The concept of escheatage is based on the principle that property should not remain ownerless and should instead be used for the benefit of the public.
