Statute · California Code of Civil Procedure
Cal. Civ. Proc. Code § 1517 — Escheat of Unclaimed Personal Property
Cal. Civ. Proc. Code § 1517
- Type
- Statute
- Source
- California Code of Civil Procedure
- Jurisdiction
- California
- Date
- 1996-07-19
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) All property distributable in the course of a voluntary or involuntary dissolution or liquidation of a business association that is unclaimed by the owner within six months after the date of final distribution or liquidation escheats to this state.
Citator
Cal. Civ. Proc. Code § 1517 — Escheat of Unclaimed Personal Property is in force in the current edition of the Code, and nothing recorded condemns it.
(a) All property distributable in the course of a voluntary or involuntary dissolution or liquidation of a business association that is unclaimed by the owner within six months after the date of final distribution or liquidation escheats to this state.
(b) All property distributable in the course of voluntary or involuntary dissolution or liquidation of an insurer or other person brought under Article 14 (commencing with Section 1010) of Chapter 1 of Part 2 of Division 1 of the Insurance Code, that is unclaimed by the owner after six months of the date of final distribution, shall be transferred to the Department of Insurance, with any proceeds of sale of property and other funds to be deposited in the Insurance Fund for expenditure as provided in Section 12937 of the Insurance Code.
(c) This section applies to all tangible personal property located in this state and, subject to Section 1510, to all intangible personal property.