Rhode Island General Laws 33-21A-1. Declaration of escheat
Current as of: 2024 | Check for updates
|
Other versions
All postal savings system accounts created by the deposits of persons whose last known addresses are in this state which have not been claimed by the persons entitled thereto before May 1, 1971, are presumed to have been abandoned by their owners and are declared to escheat and become the property of this state.
History of Section.
P.L. 1971, ch. 28, § 1.
Terms Used In Rhode Island General Laws 33-21A-1
- Escheat: Reversion of real or personal property to the state when 1) a person dies without leaving a will and has no heirs, or 2) when the property (such as a bank account) has been inactive for a certain period of time. Source: OCC