4 ms·
You've implied it's permanent transfer of ownership to the state. It's not. From wikipedia: "Escheats are performed on a revocable basis. Thus, if property has
by mygoodaccount 5y ago
You've implied it's permanent transfer of ownership to the state. It's not.
From wikipedia: "Escheats are performed on a revocable basis. Thus, if property has escheated to a State but the original owner subsequently is found, escheatment is revoked and ownership of the property reverts to that original owner."
https://en.wikipedia.org/wiki/Escheat#United_States https://en.wikipedia.org/wiki/Escheat#United_States