ARTICLE 5. Administration of Unclaimed Property

Heading of Article 5 added by Stats. 1968, Ch. 356.

§§ 1560–1568 · 10 sections

• § 1560 (a) Upon the payment or delivery of escheated property to the Controller, the state shall assume custody and shall be responsible for the safekeeping of the…
• § 1561 (a) If the holder pays or delivers escheated property to the State Controller in accordance with this chapter and thereafter any person claims the property…
• § 1562 When property other than money is delivered to the State Controller under this chapter, any dividends, interest or other increments realized or accruing on…
• § 1563 (a) Except as provided in subdivisions (b) and (c), all escheated property delivered to the Controller under this chapter shall be sold by the Controller to…
• § 1564 (a) All money received under this chapter, including the proceeds from the sale of property under Section 1563, shall be deposited in the Unclaimed Property…
• § 1564.5 (a) Notwithstanding any law, including, but not limited to, Section 1564, all money received under this chapter from funds held in an Interest on Lawyers’…
• § 1565 Any property delivered to the Controller pursuant to this chapter that has no apparent commercial value shall be retained by the Controller for a period of not…
• § 1566 (a) When payment or delivery of money or other property has been made to any claimant under the provisions of this chapter, no suit shall thereafter be…
• § 1567 The Director of Parks and Recreation may examine any tangible personal property delivered to the Controller under this chapter for purposes of determining…
• § 1568 (a) The Controller may select one or more custodians for the management and safekeeping of digital financial assets that have escheated to the state. Any…