Section 1216. Presumptions

    If  it shall appear from the records of the
  United States that the rightful owner of property described  in  section
  twelve  hundred fifteen of this article has not made claim thereto for a
  period of seven consecutive years, it shall be presumed for purposes  of
  escheat  proceedings under this article that such rightful owner is, and
  during such period has been, unknown or has died without having disposed
  thereof and without having left a will,  and  without  having  left  any
  heirs,  next-of-kin  or  distributees  or  that  such  property has been
  abandoned and that such property has escheated. In any case wherein  the
  rightful  owner  of  such  property  is  a  corporation it shall also be
  presumed for purposes of escheat proceedings under this article that the
  corporation is dissolved,  no  longer  in  existence,  and  its  charter
  forfeited  and  the presumptions set forth in the first sentence of this
  section shall be made with respect to the rightful owners  or  claimants
  to  the  assets  of  such  corporation,  including  its stockholders and
  creditors. The presumptions provided for in this section may be rebutted
  by competent evidence to the contrary.