Bona vacantia

“Bona vacantia” is a Latin term that translates to “vacant goods” or “ownerless property.” In legal terms, it refers to property or assets that have no apparent owner or legal claimant. When property or assets become bona vacantia, they typically revert to the ownership of the state or government. This can happen for various reasons, such as when someone dies without a will and no known heirs, or when a company is dissolved, and its assets have no clear claimants.

Different jurisdictions may have specific laws and procedures for dealing with bona vacantia property. In some cases, the state may take ownership of such property and manage it, sell it, or use it for public purposes.