Property Ownership
In New York, 'escheat' refers to:
AA tax on inherited property
BThe transfer of a deceased person's property to the state when there are no heirs or valid will✓ Correct
CA lien on property for unpaid taxes
DThe government's right to inspect private property
Explanation
Escheat is the process by which property reverts to the state when the owner dies without a will and without lawful heirs. In New York, escheated property passes to the state.
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