California Code of Civil Procedure

§ 1564

CCP § 1564 Effective Jan 1, 1994Title 10 · Part 3 · Ch. 7 · Art. 5

Statute text

(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 Fund in an account titled “Abandoned Property.”

(b)Notwithstanding Section 13340 of the Government Code, all money in the Abandoned Property Account in the Unclaimed Property Fund is hereby continuously appropriated to the Controller, without regard to fiscal years, for expenditure in accordance with law in carrying out and enforcing the provisions of this chapter, including, but not limited to, the following purposes:

(1)For payment of claims allowed by the Controller under the provisions of this chapter.

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Legislative history

Amended by Stats. 1993, Ch. 692, Sec. 7. Effective January 1, 1994.