Escheat Exemption: This refers to an exemption in an Escheat Law or Unclaimed Property Statute under which the Holder is not required to Escheat a specific type of Property to a U.S. state or U.S. territory. The exemption can take several forms including an express exclusion or exception, a restricted definition, or the removal of the item of Property from the Unclaimed Property Statute. Some Escheat Exemptions are Conditional Escheat Exemptions. Several types of Prepaid Cards are subject to Escheat Exemptions and either can be Exempt or Conditionally Exempt. See also Escheat Status.
