CHAPTER 4. Management of Unclaimed Property [1360. - 1394.]
Chapter 4 added by Stats. 1951, Ch. 1708.
§§ 1360–1394 · 21 sections
ARTICLE 1. General Provisions §§ 1360–1361 · 2 sections
- § 1360 For the purposes of this chapter, the following definitions shall apply: (a) “Personal property” means personal property falling within the definition of…
- § 1361 The care and custody of all property delivered to the Treasurer or Controller pursuant to this title is assumed by the State for the benefit of those entitled…
ARTICLE 2. Powers of the Controller § 1365 · 1 section
- § 1365 In connection with all unclaimed property, the Controller has all of the powers necessary in order to safeguard and conserve the interests of all parties,…
ARTICLE 3. Sale or Disposal of Property §§ 1370–1382 · 13 sections
- § 1370 The Controller may sell or lease personal property at any time, and in any manner, and may execute those leases on behalf and in the name of the State of…
- § 1371 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,…
- § 1372 The Controller may sign, endorse, or otherwise authenticate, in the name and on behalf of the State, subscribing his name, as Controller, under such writing,…
- § 1373 The Controller may lease or sell any real property for cash at public auction to the highest bidder. Before such sale or lease, notice thereof shall be…
- § 1374 The Controller may reject any and all bids made at sales or public auctions held under the provisions of this chapter.
- § 1375 Any real property may be sold or leased by the Controller at private sale without published notice.
- § 1376 Upon receipt of the proceeds of any sale made pursuant to this chapter, the Controller shall execute, in the name and on behalf of the State of California, a…
- § 1377 The Controller shall not enter into any transaction which shall create or impose upon the owners, heirs, devisees, legatees, or other claimants of the property…
- § 1378 No suit shall be maintained by any person against the State or any officer thereof, for or on account of any transaction entered into by the Controller…
- § 1379 The Controller may destroy or otherwise dispose of any personal property other than cash deposited in the State Treasury under this title, if that property is…
- § 1380 All sales, exchanges, or other transactions entered into by the Controller pursuant to this chapter are exempt from the provisions of Section 11009 of the…
- § 1381 All sales, leases or other transactions entered into by the Controller pursuant to this chapter shall be conclusive against everyone, except a purchaser or…
- § 1382 Any provision of this article which authorizes the Controller to sell real property applies to any real property distributed or escheated to, or the title to…
ARTICLE 4. Disposal of Proceeds of Sale or Lease §§ 1390–1394 · 5 sections
- § 1390 The Controller shall deliver to the Treasurer the proceeds of any sale or lease of property, other than permanently escheated property, made pursuant to this…
- § 1391 The Controller shall deliver to the Treasurer the proceeds of any sale or lease of permanently escheated property made pursuant to this chapter; and, on order…
- § 1392 The proceeds of any transaction by the Controller under the provisions of this chapter in connection with property received and held by the state under the…
- § 1393 The proceeds of any transaction by the Controller under the provisions of this chapter, in connection with property received and held by the state under the…
- § 1394 The proceeds of any transaction by the Controller under the provisions of this chapter in connection with property received and held by the state under the…