Rhode Island General Laws > Chapter 33-21A – Escheat of Postal Savings System Accounts
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Terms Used In Rhode Island General Laws > Chapter 33-21A - Escheat of Postal Savings System Accounts
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- 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
- Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
- United States: include the several states and the territories of the United States. See Rhode Island General Laws 43-3-8