California Code of Civil Procedure

§ 1501.5

CCP § 1501.5 Effective Jan 1, 2015Title 10 · Part 3 · Ch. 7 · Art. 1

Statute text

(a)Notwithstanding any provision of law to the contrary, property received by the state under this chapter shall not permanently escheat to the state.

(b)The Legislature finds and declares that this section is declaratory of the existing law and sets forth the intent of the Legislature regarding the Uniform Disposition of Unclaimed Property Act (Chapter 1809, Statutes of 1959) and all amendments thereto and revisions thereof. Any opinions, rulings, orders, judgments, or other statements to the contrary by any court are erroneous and inconsistent with the intent of the Legislature.

(c)It is the intent of the Legislature that property owners be reunited with their property. In making changes to the unclaimed property program, the Legislature intends to adopt a more expansive notification program that will provide all of the following:

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Legislative history

Amended by Stats. 2014, Ch. 913, Sec. 10. (AB 2747) Effective January 1, 2015.