Abandoned Property Laws-KEY FACTS YOU CAN’T IGNORE
Before discussing the abandoned property, it is helpful to discuss how the law defines the personal property. The legal definition of personal property is “anything other than land that may be subject to ownership.” As such, the defining characteristic is that it is movable. On the contrary, real property is immovable. ABANDONED PROPERTY SAYS WHAT? It is the property that is left by an owner. The owner has intentionally relinquished all rights to its control. When a property is intentionally abandoned, it… Read More »Abandoned Property Laws-KEY FACTS YOU CAN’T IGNORE