# Abandonment of Property

**IRI:** https://folio.openlegalstandard.org/R3e2z0YyuTWB0E6NALitBX

## Labels

**Preferred Label:** Escheatment

**Alternative Labels:**

- Bona Vacantia
- Property Forfeiture
- Reversion to the State
- Unclaimed Property Transfer

## Definition

Escheatment is the legal process by which unclaimed or abandoned property reverts to the state. This occurs when the rightful owner of the property cannot be located or has failed to claim ownership within a specified period, resulting in the transfer of the property to government custody.

## Sub Class Of

- https://folio.openlegalstandard.org/RDSBerlLWg1ntpLqDQn1eVn

## See Also

- https://folio.openlegalstandard.org/RDumnatrYH4kRxr787bJf4R

**Deprecated:** False