- Stage
- Became law
- Started in
- Assembly
- Sponsors
- 2
- Latest action
- Sep 20, 2019
What it does
The Unclaimed Property Law provides that all tangible personal property located in this state, and, subject to specified conditions, all intangible personal property held for the owner by any government or governmental subdivision or agency, that has remained unclaimed by the owner for more than 3 years escheats to the state. Under existing law, a person who claims to have been the owner, as defined, of property paid or delivered to the Controller under that law may file a claim to the property or to the net proceeds from its sale. Existing law requires to Controller to consider each claim, as specified, to determine if the claimant is the owner.
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
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
Once a bill is decided, the questions are about what is done with it in California.