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 4. Disposal of Proceeds of Sale or Lease |
Section 1391.
Latest version.
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The Controller shall deliver to the Treasurer the proceeds of any sale or lease of permanently escheated property made pursuant to this chapter; and, on order of the Controller, the amount thereof shall be deposited in the General Fund. All moneys deposited in the General Fund under the provisions of this section shall be deemed to have permanently escheated to the state as of the date of permanent escheat of the property from which such moneys were derived.
(Amended by Stats. 1978, Ch. 1183.)