{"code":"CCP","codeName":"Code of Civil Procedure","section":"1371","citation":"Code Civ. Proc., § 1371","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"PART 3. OF SPECIAL PROCEEDINGS OF A CIVIL NATURE [1063. - 1822.60.]","url":"https://blackletter.si/code-of-civil-procedure/part-3"},{"name":"TITLE 10. UNCLAIMED PROPERTY [1300. - 1615.]","url":"https://blackletter.si/code-of-civil-procedure/part-3/title-10"},{"name":"CHAPTER 4. Management of Unclaimed Property [1360. - 1394.]","url":"https://blackletter.si/code-of-civil-procedure/part-3/title-10/chapter-4"},{"name":"ARTICLE 3. Sale or Disposal of Property [1370. - 1382.]","url":"https://blackletter.si/code-of-civil-procedure/part-3/title-10/chapter-4/article-3"}],"history":"Amended by Stats. 2016, Ch. 31, Sec. 14.   (SB 836)   Effective June 27, 2016.","effective":"2016-06-27","html":"<p>The Controller may sell, cash, redeem, exchange, or otherwise dispose of any securities and all other classes of personal property, and may sell, cash, redeem, exchange, compromise, adjust, settle, or otherwise dispose of any accounts, debts, contractual rights, or other choses in action if, in his or her opinion, that action on his or her part is necessary or will tend to safeguard and conserve the interests of all parties, including the state, having any vested or expectant interest in the property.</p>","text":"The Controller may sell, cash, redeem, exchange, or otherwise dispose of any securities and all other classes of personal property, and may sell, cash, redeem, exchange, compromise, adjust, settle, or otherwise dispose of any accounts, debts, contractual rights, or other choses in action if, in his or her opinion, that action on his or her part is necessary or will tend to safeguard and conserve the interests of all parties, including the state, having any vested or expectant interest in the property.","otherVersions":[],"url":"https://blackletter.si/code-of-civil-procedure/sale-or-disposal-of-property-1371","source":"California Legislative Information bulk export (pubinfo)"}