Property Ownership
What is 'escheat' and when does it occur in Rhode Island?
AWhen a tenant is evicted
BWhen real property reverts to the state because the owner died with no will and no known heirs✓ Correct
CWhen a bank forecloses on a property
DWhen a municipality acquires property for back taxes
Explanation
Escheat is the reversion of property to the state when the owner dies intestate (without a will) and no heirs can be found. The state becomes the owner of last resort. Rhode Island has escheat provisions in its intestacy statutes.
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