Section 1. Be it enacted, &c., That where any conveyances of real estate in this Commonwealth have been made by any foreign corporation or corporations not having the right to own and hold the same, to any citizen of the United States, or to any corporation chartered under the laws of this Commonwealth and authorized to hold real estate, such citizen or corporation, grantee as aforesaid, shall hold and may convey such title and estate indefeasably, as to any right of escheat in this Commonwealth by reason of such real estate having been held by a corporation not authorized to hold the same by the laws of this Commonwealth.