Birdwatch Note Rating
2025-02-07 13:11:49 UTC - HELPFUL
Rated by Participant: AFCB2D2CD629CE84C0A08AE3922DFDBAAB6167CAD25C4EBCB1A44312FBE54A8E
Participant Details
Original Note:
This is a legal process called “escheatment” where an account can be deemed inactive and the state takes custodial ownership. This allows the owner/heirs of the owner to claim the account in the future. This safeguards the funds from being lost or the company claiming them https://www.investor.gov/introduction-investing/investing-basics/glossary/escheatment-financial-institutions
All Note Details