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escheat    
n. 重还;归还;没收;收回

重还;归还;没收;收回

escheat
n 1: a reversion to the state (as the ultimate owner of
property) in the absence of legal heirs
2: the property that reverts to the state

Escheat \Es*cheat"\, n. [OE. eschete, escheyte, an escheat, fr.
OF. escheit, escheoit, escheeite, esheoite, fr. escheoir (F.
['e]choir) to fall to, fall to the lot of; pref. es- (L. ex)
cheoir, F. choir, to fall, fr. L. cadere. See {Chance}, and
cf. {Cheat}.]
1. (Law)
(a) (Feud. & Eng. Law) The falling back or reversion of
lands, by some casualty or accident, to the lord of
the fee, in consequence of the extinction of the blood
of the tenant, which may happen by his dying without
heirs, and formerly might happen by corruption of
blood, that is, by reason of a felony or attainder.
--Tomlins. --Blackstone.
(b) (U. S. Law) The reverting of real property to the
State, as original and ultimate proprietor, by reason
of a failure of persons legally entitled to hold the
same.
[1913 Webster]

Note: A distinction is carefully made, by English writers,
between escheat to the lord of the fee and forfeiture
to the crown. But in this country, where the State
holds the place of chief lord of the fee, and is
entitled to take alike escheat and by forfeiture, this
distinction is not essential. --Tomlins. Kent.
(c) A writ, now abolished, to recover escheats from the
person in possession. --Blackstone.
[1913 Webster]

2. Lands which fall to the lord or the State by escheat.
[1913 Webster]

3. That which falls to one; a reversion or return
[1913 Webster]

To make me great by others' loss is bad escheat.
--Spenser.
[1913 Webster]


Escheat \Es*cheat"\, v. i. [imp. & p. p. {Esheated}; p. pr. &
vb. n. {Escheating}.] (Law)
To revert, or become forfeited, to the lord, the crown, or
the State, as lands by the failure of persons entitled to
hold the same, or by forfeiture.
[1913 Webster]

Note: In this country it is the general rule that when the
title to land fails by defect of heirs or devisees, it
necessarily escheats to the State; but forfeiture of
estate from crime is hardly known in this country, and
corruption of blood is universally abolished. --Kent.
Bouvier.
[1913 Webster]


Escheat \Es*cheat"\, v. t. (Law)
To forfeit. --Bp. Hall.
[1913 Webster]

ESCHEAT, title to lands. According to the English law, escheat denotes an
obstruction of the course of descent, and a consequent determination of the
tenure, by some unforeseen contingency; in which case the land naturally
results back, by a kind of reversion, to the original grantor, or lord of
the fee.. 2 Bl. Com. 244.
2. All escheats, under the English law, are declared to be strictly
feudal, and to import the extinction of tenure. Wright on Ten. 115 to 117; 1
Wm. Bl. R. 123.
3. But as the feudal tenures do not exist in this country, there are no
private persons who succeed to the inheritance by escheat. The state steps
in, in the place of the feudal lord, by virtue of its sovereignty, as the
original and ultimate proprietor of all the lands within its jurisdiction. 4
Kent, Com. 420. It seems to be the universal rule of civilized society, that
when the deceased owner has left no heirs, it should vest in the public, and
be at the disposal of the government. Code, 10, 10, 1; Domat, Droit Pub.
liv. 1, t. 6, s. 3, n. 1. Vide 10 Vin. Ab. 139; 1 Bro. Civ. Law, 250; 1
Swift's Dig. 156; 2 Tuck. Blacks. 244, 245, n.; 5 Binn. R. 375; 3 Dane's Ab.
140, sect. 24; Jones on Land Office Titles in Penna. 5, 6, 93. For the rules
of the Roman Civil Law, see Code Justinian, book 10.


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  • Escheat Fee | For Bankers. From Bankers
    Could anyone tell me if there is a maximum fee allowed that a bank could charge an account at the time the funds are being escheated to the state? I have checked the banking laws in Michigan but have had no luck finding anything that pertained to fees the bank could charge Thank you!
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    I'm trying to resolve a dispute between our operations center and an unhappy customer Under Dispostion of Abandoned amp; Unclaimed Property, Section 1301 3 - a matured time deposit is included in the type of accounts that must be escheated after 5 years of no activity Would an auto
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    Good morning, ladies and gentsOn the topic of escheat accounts, the question arose as to where the funds need to be sent My understanding has been the funds must be sent to the state where the last known address of the customer is However, I have also been told the funds must be sent t
  • Dormant Account - Time Length to Escheat | Bankers Online
    What is the length of time before a dormant account is escheated to the state in the state of Texas?
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    What "Escheat or Dormant Account fees" , does your bank have at this time or planning to implement this year? Please respond with the fee types and an explanation how your bank charges the fees Thanks
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    When a bank has to drill a safe deposit box and they have procedures to hold the content, if there are items to escheat to the state, what is the bank's obligation for anything else that is in the box that does not go to the state Bank has made every attempt to try to contact customer t
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    We have been issuing official teller checks for three years and are coming up on the time we will need to escheat uncashed checks By state law we are attempting to provide due diligence notifications to the quot;owner quot; of the check However, we are trying to determine whet
  • Which States Escheat Laws Govern? - Bankers Online
    Posted By: William Re: Which State's Escheat Laws Govern? - 01 24 05 04:15 PM A few years back, we had the administrator for the unclaimed property (for MD) to give a discussion about escheatment, etc Yes, this was news to a lot of people Where the owner of the property funds resides is the controlling law
  • To Escheat or Not to Escheat | For Bankers. From Bankers
    To Escheat or Not to Escheat | For Bankers From Bankers Forums · Active Threads · Forum Rules · Mark All Read · Log In BankersOnline com Forums Banker Forums Need to Remain Anonymous To Escheat or Not to Escheat New Reply Thread Options
  • Cashier Check Escheatment | For Bankers. From Bankers
    We are getting ready to escheat old cashiers checks We are required to do so for those older than 5 years I know escheatment is state law specific regarding retention, but does anyone know if it matters if, or how at this point, we make contact with the customer prior to escheatment?





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