Abandoned Property - Escheat of Property Paid or Deposited In Federal Courts - Contents of petition


Published: 2014-09-22

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.
§ 1205. Contents of petition. The petition shall briefly describe the
fund or property with respect to which the proceeding is brought, and
the nature of the action or proceeding which gave rise to the fund or
property. It may include one or more items, as the attorney-general may
be advised, without prejudice to his right subsequently to commence
proceedings relating to other items not included. It shall also set
forth the facts from which the court may find, or from which a
presumption may arise, that (a) the rightful owner or owners of the fund
or property are unknown; or (b) that they have died without having
disposed thereof, and without having left a will, disposing thereof and
without having left any heirs, next-of-kin or distributees; or (c) that
such property has been abandoned.