Unclaimed Property Law
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
- Senate
- Sponsor
- 1
- Latest action
- Mar 31, 2016
What it does
Under the existing Unclaimed Property Law, any tangible or intangible personal property, demand, savings, or matured time deposit, or other prescribed deposits or accounts escheat to the state when the owner of the deposits or accounts has not, for more than 3 years, indicated an interest in the deposit, as specified. The Unclaimed Property Law authorizes the Controller to examine a person's records if the Controller has reason to believe that the person has failed to report property that should have been reported pursuant to that law. Existing law also permits the Controller to bring an action for specified purposes to enforce the Unclaimed Property Law.
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.
In the news
Reporting that may mention this subject. Possible matches are labeled.
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Where it goes next
While a bill can still move, the questions are about people and money in California.