Multiple choice

What does the term 'Escheat' mean?

  1. Transfer of property to state

  2. Forfeiture of property

  3. Property in wrongful possession

  4. Sale from property wrongfully possessed

  5. None of the above

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A Correct answer
Explanation

When an individual dies and there is no legal heir and will which relates to his property, then according to the provision of Hindu Succession act, the property is transferred to the state. This is known as escheat.