The term “abandonment” refers to the voluntary relinquishment of all rights, title, or claim to property that rightfully belongs to the owner of the property. Stocks, bonds or mutual funds held in a brokerage account where the owner can’t be located or contacted is an example of abandonment. The laws of escheat may cause the property to be taken control […]
Articles Tagged: abandon
ABANDON
To desert, surrender, relinquish, give up, or cede. To give up absolutely; to forsake entirely; to renounce utterly; to relinquish all connection with or concern in; to desert. See also Abandonment