Class actions: judgments: residual funds.
This bill did not become law and its session has ended, so it can no longer move. It would have to be reintroduced.
- Stage
- Session ended
- Started in
- Assembly
- Sponsor
- 1
- Latest action
- May 3, 2018
What it does
Existing law declares that the policy of the State of California is to ensure that the unpaid cash residue and unclaimed or abandoned funds in class action litigation are distributed appropriately. Existing law prescribes the allocation of any unpaid cash residue or unclaimed or abandoned class member funds generally attributable to California residents, plus any accrued interest that has not otherwise been distributed. Specifically, existing law requires 25% of these funds to be transmitted to the State Treasury for deposit in the Trial Court Improvement and Modernization Fund; 25% to be transmitted to the State Treasury for deposit in the Equal Access Fund of the Judicial Branch; and the…
Where it stands
This bill did not become law and its session has ended, so it can no longer move. It would have to be reintroduced.
Introduced (Done)
Committee (Current step)
Floor (Needs attention)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money in California.