verb
- past tense of escheat; (of property) reverted to the state or crown due to lack of legal heirs or abandonment
Usage: legal term
Examples
- The abandoned property escheated to the state after no heirs came forward.
- When the company dissolved without successors, its assets escheated to the government.
- The unclaimed bank account escheated after the required waiting period.
- His estate escheated because he died without a will or known relatives.
- The court ruled that the land had properly escheated to the crown.
- Dormant accounts are escheated to the state treasury under unclaimed property laws.