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Introduction to Debentures

When the gove...

Question

When the government acquires the property of a person who dies without having any legal heirs, it is known as

A

License fees

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B

Escheat

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C

Forfeitures

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D

Gifts and grants

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Solution

The correct option is B
Escheat

Under the Right of Escheat, the government may acquire the property, bank balances, etc., of a person who dies without having any legal heirs or without any will.

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Q. ___________ refers to the claim of the government on the property of a deceased person, in case, no legal heir or will is left behind.

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