Property Ownership
In Missouri, 'escheat' occurs when:
AA property is condemned
BA person dies without heirs and no valid will, causing the property to pass to the state of Missouri✓ Correct
CA corporation acquires private land
DA mortgage is paid off
Explanation
Escheat is the process by which Missouri acquires ownership of property when the owner dies intestate (without a will) and with no identifiable heirs. It is the state's residual interest in property.
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