California Law (Last Updated: March 4, 2014) |
Code of Civil Procedure - CCP |
Part 3. OF SPECIAL PROCEEDINGS OF A CIVIL NATURE |
Title 10. UNCLAIMED PROPERTY |
Chapter 4. Management of Unclaimed Property |
ARTICLE 3. Sale or Disposal of Property |
Section 1377.
Latest version.
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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 involved, any obligation under an executory contract, the performance of which is not already an obligation of such owners, heirs, devisees, legatees, or other claimants prior to the consummation of the transactions authorized by this chapter.
(Added by Stats. 1951, Ch. 1708.)