Property Ownership

The right of escheat means that property passes to the state when:

AProperty taxes are unpaid for 3 years
BAn owner dies intestate (without a will) and with no heirs✓ Correct
CA property is abandoned for 10 years
DA corporation dissolves

Explanation

Escheat is the government's right to take property of a person who dies without a will (intestate) and without heirs. Rather than having property go unclaimed, the state acquires it to prevent a total vacuum of ownership.

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