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Glossary Term: ESCHEAT PERIOD

Definition(s) for ESCHEAT PERIOD:


1. ) The period of elapsed time required by applicable state law for property to be presumed abandoned or unclaimed. The process of turning over unclaimed or abandoned property to a state authority. Mutual funds are required by escheatment laws to turn over uncashed or returned check dollars and/or client account fund shares if the owner cannot be located within a length of time.



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