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escheat
(redirected from escheating)

    Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
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-off date.
escheat
The right of the state to claim a deceased person's property when there are no individuals legally qualified to inherit it or to make a claim to it. This occurrence is fairly unusual even when the deceased leaves no will.
escheat

The reversion of property to the state because of the lack of anyone to inherit it.



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While due process prevents more than one jurisdiction from escheating a given property item (Western Union Tel.
Unclaimed property reporting for LLCs under Texas v. New Jersey by Winther, Christian M. / The Tax Adviser
The expiration of the relevant civil statute of limitations, however, typically does not prevent unclaimed property from escheating to the state.
Unclaimed property audits: George Orwell would be proud by Sweeney, Timothy J. / Tax Executive
They include increasing the taxes on cigarette and other tobacco products as well as alcohol beverages and escheating unclaimed bottle deposits, among other measures.
Fitch Rates Connecticut's $300MM GO Bonds 'AA' by Business Wire
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