Quote from: Pan Troglodytes on February 23, 2018, 08:54:01 PM

Quote from: Tictocgroup on February 23, 2018, 10:24:09 AM

Quote from: bug.lady on February 21, 2018, 03:40:57 PM

Quote from: Tictocgroup on February 21, 2018, 03:07:09 PM

Although this May sound horrible, it's quite legally correct. I run a banking group in London, and this is what the regulations call for. When someone is not actively using his personal or real property, it can be subject to adverse possession, where 3rd parties can simply legally take possession of the property after being in possession for quite a length of tim.

You can Google the doctrine of adverse possession yourselves for more information. Banks probably have some kind of adverse possession type clause for their inactive, dormant accounts.
(...)

Oh I will definitely read more on the subject. At least in my country (terminology differs but I think it is legally the same) what you are describing takes 25 years to take effect. 25 years is not 3.

I have read on Swiss banks actively using founds deposited by holocaust victims during WWII, so banks do that too.

It's horrible to use funds from holocaust victims. They should have just sent it to a charity??
In America adverse possession is usually varied by state law, with some states only requiring 7 years of continued unopposed possession

banksters? to charity? are you kidding me? I have never in my life heard of such a thing as a greedy bankster helping a charity out...

This is different man.,, those are the victims of the most disturbing thing in Europe... how could they sleep at all knowing they pocketed the money of the victims of the holocaust where they suffered unimaginable things..