Financial Code § 7154

ARTICLE 13. Redemption

Current as of September 28, 2026Fin. Code, § 7154Official source ↗

Repealed and added by Stats. 1983, Ch. 1091, Sec. 2.

(a) All certificates of ownership evidencing former savings accounts that have been called for redemption must be tendered for payment within the time limit specified in subdivision (b) of Section 1513 of the Code of Civil Procedure for escheat of unclaimed funds.

(b) Savings accounts that are not tendered for payment as set forth in this section shall escheat to the state as provided in the Unclaimed Property Law, Chapter 7 (commencing with Section 1500) of Title 10 of Part 3 of the Code of Civil Procedure.