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right of escheat

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  • Escheat — is a common law doctrine that operates to ensure that property is not left in limbo and ownerless. It originally referred to a number of situations where a legal interest in land was destroyed by operation of law, so that the ownership of the… …   Wikipedia

  • escheat — escheatable, adj. /es cheet /, Law. n. 1. the reverting of property to the state or some agency of the state, or, as in England, to the lord of the fee or to the crown, when there is a failure of persons legally qualified to inherit or to claim.… …   Universalium

  • escheat — Reversion of monies or securities to the state in which the securityholder was last known to reside, when no claim by the securityholder has been made after a certain period of time fixed by state law. This is known as the holding period or cut… …   Financial and business terms

  • escheat — /as(h)chiyt/ A reversion of property to the state in consequence of a want of any individual competent to inherit. Escheat at feudal law was the right of the lord of a fee to re enter upon the same when it became vacant by the extinction of the… …   Black's law dictionary

  • escheat — /as(h)chiyt/ A reversion of property to the state in consequence of a want of any individual competent to inherit. Escheat at feudal law was the right of the lord of a fee to re enter upon the same when it became vacant by the extinction of the… …   Black's law dictionary

  • escheat — /əsˈtʃit/ (say uhs cheet) noun 1. (formerly) the reversion of land to the feudal lord or the Crown in the absence of heirs of the owner. 2. property or a possession which reverts by escheat. 3. the right to take property subject to escheat. –verb …   Australian English dictionary

  • escheat — es•cheat [[t]ɛsˈtʃit[/t]] Law. 1) law the reverting of property to the state or, as in England, to the crown when there are no legal heirs 2) law the right to take property subject to escheat 3) law (of property) to revert by escheat 4) law to… …   From formal English to slang

  • escheat —   n. reversion of land to feudal lord, crown or state, due to failure of heirs; v.i. &   t. to revert or cause to revert.    ♦ escheatage, n. right to receive by escheat …   Dictionary of difficult words

  • escheat — An obstruction of the course of descent by chance or accident. 27 Am J2d Esch § 1. The preferable right of the state to an estate left vacant because of the absence of persons legally entitled to make claim thereto. University of North Carolina v …   Ballentine's law dictionary

  • escheat — es|cheat [ısˈtʃi:t] n AmE law [Date: 1200 1300; : Old French; Origin: eschete, from escheoir to fall, be given to another , from Latin cadere to fall ] a legal process in which someone s money and property are given to the state after they die if …   Dictionary of contemporary English

  • Escheat — The right of a feudal lord to the return of lands held by his vassal, or the holding of a serf, should either die with out lawful heirs or suffer outlawry. The result of an incident that causes a fief to revert because a lord or tenant dies… …   Medieval glossary