A statute that allows finders of property to clear their title to the property after taking steps to see whether the true owner can be located is known as a(n) _____.
A) estray statute
B) statute of limitations
C) statute of repose
D) nonclaim statute

Question

Quizplus · Accepted Answer

Some states have a statute, known as an estray statute, that allows finders of property to clear their title to the property after taking steps to see whether the true owner can be located. The statutes generally provide that the person must give public notice of the fact that the property has been found, perhaps by putting an ad in a local newspaper.

A Statute That Allows Finders of Property to Clear Their