Property Ownership
Escheat in North Carolina means:
AThe right of heirs to inherit property
BThe transfer of property to the state when a person dies intestate with no heirs✓ Correct
CGovernment seizure of property for unpaid taxes
DA type of involuntary lien
Explanation
Escheat is the government power by which property reverts to the state when a person dies without a will (intestate) and with no identifiable heirs.
Related North Carolina Property Ownership Questions
- In North Carolina, a life estate grants the life tenant the right to:
- NC's statute against 'perpetuities' affects real estate by limiting:
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- The NC Condominium Act governs condominiums created after:
- Which type of deed provides the buyer with the LEAST protection?
- An 'air lot' in North Carolina is a type of ownership that refers to:
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