Escheatment

Ready
Escheatment is a common law doctrine that transfers the property (including corporate stock) of a person who dies without heirs, or who is "lost" for a certain amount of time, to the state. It serves to ensure that property is not left in limbo without recognized ownership. Although escheatment functions are usually handled by the company's treasury function, the corporate secretary may have responsibility for escheatment-related matters for shareholders and bondholders.
Created By: Russell Benasaraf 03-17-2014
Last Updated By: Russell Benasaraf 03-17-2014
0 comments
0 Views
0 revisions
 

Related Links

No Related Resource entered.