escheat

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escheat

Law
1. (in England before 1926) the reversion of property to the Crown in the absence of legal heirs
2. (in feudal times) the reversion of property to the feudal lord in the absence of legal heirs or upon outlawry of the tenant
3. the property so reverting

Escheat

 

in civil law, the legacy of a deceased person that does not go to his heirs. An escheat may occur if up to the day of the donor’s death there are no heirs by law or will or if none of the heirs accepts the inheritance or if the heirs are deprived of the inheritance by the will. If in the absence of heirs the will does not dispose of all the property, the unwilled part of the inheritance is recognized as the escheat.

Under Soviet law, the escheat goes to the government according to the right of inheritance. The state becomes the owner of this property, based on evidence on the right to inheritance given by a notary’s office up to six months from the day of the donor’s death. The government, in the person of local financial officials, assumes responsibility for the debts of the donor to the limit of the value of the property. Property that reverts to state ownership in this way is turned over to state, cooperative, or social organizations for appropriate use.

V. A. KABATOV

escheat

The assumption of ownership of property by the state if no other owner can be found.
References in periodicals archive ?
As the impact of wage-setting entities, like the effect of family schemes, is conditioned by class (Constantin, 2015; 2012), disregarding the dissimilarities between socioeconomic groups additionally contributes to confusing the influence of welfare states on gender wage gaps.
(Rubery and Grimshaw, 2011) Notwithstanding the area of hiring, the gender wage differential among low-paid employees (Popescu, 2016) is thoroughly clarified by gender dissimilarities in output-related features.
Using MDS algorithm it is aimed to make distances d([Y.sub.i][Y.sub.j]) closer to dissimilarities [[delta].sub.ij].
checking for correlations between dissimilarities of TMT members' general values and organizational outcomes;
Therefore, the numerator in both coefficients counts the number of dissimilarities that are found among the values of the variable and, as it has already been said, it does not take into account the magnitude of the values nor the distance among them.
The dissimilarities can strangely enough be characterized as the difference between Speedy Gonzalez and Mickey Mouse, or between Diego Rivera and Norman Rockwell, or Jose Trespatines and Perry Mason.
The basic idea is that two sentences are in a paraphrase relation if they have many similarities (at lexico-semantic and syntactic levels) and few or no dissimilarities. For instance, the two sentences shown earlier from the MSR paraphrase corpus have many similarities, e.g., common words such as York and common syntactic relations such as the subject relationship between York and have, and only a few dissimilarities, e.g., Text A contains the word saying while Text B contains the word insisting.
* Hamann--is the number of similarities minus dissimilarities divided by the total number of observations or variables
They also counted the number of MHC dissimilarities among those who were real couples, and compared them with those in the randomly-generated 'virtual couples'.
Conversely, conflicting interests between individual branches of the family (Gersick, Davis, Hampton, & Lansberg, 1997) and underlying differences between family members and the CEO (Poza, Alfred, & Maheshawi, 1997) may lead to dissimilarities in mental models about family business-related issues.
In this study, however, the relational demography measure was a composite measure that combined dissimilarities in nationality, race and gender, which rendered the source of the positive effect ambiguous.
This study also found that perceived and actual dissimilarities in organizational values from the CEO negatively affect TMT member attitudes.