CFR > Title 40 > Chapter I > Subchapter J > Part 300 > Subpart L – National Oil and Hazardous Substances Pollution Contingency Plan; Involuntary Acquisition of Property by the Government
Current as of: 2024 | Check for updates
|
Other versions
| § 300.1105 | Involuntary acquisition of property by the government |
Terms Used In CFR > Title 40 > Chapter I > Subchapter J > Part 300 > Subpart L - National Oil and Hazardous Substances Pollution Contingency Plan; Involuntary Acquisition of Property by the Government
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.