Comparative law notes
Escheat is most commonly used in connection with the transfer of the real property of a person who has died without heirs to the state.
There are multiple definitions - click on the translation that matches your context.
- escheat
- reversion of rights to the state on expiry of concession
hjemfallsrett means:
hjemfallsrett
substantiv
partial
escheat
noun
Definitions of escheat
the reversion (=the returning of property to the original owner) of property to the state
The proposed escheat laws would apply to unclaimed gift cards, and would result in the transferring of funds to the state prior to the expiration date of the funds underlying the card.