PART 3. OF SPECIAL PROCEEDINGS OF A CIVIL NATURE 1063-1822.60›TITLE 10. UNCLAIMED PROPERTY 1300-1615›CHAPTER 4. Management of Unclaimed Property 1360-1394›ARTICLE 4. Disposal of Proceeds of Sale or Lease 1390-1394
§ 1393
California Code of Civil Procedure · 2026-09 edition · updated 2026-10-03 · California
The proceeds of any transaction by the Controller under the provisions of this chapter, in connection with property received and held by the state under the provisions of Article 1 (commencing with Section 1440) of Chapter 6 of this title, for the benefit of unlocated heirs, devisees or legatees of estates of deceased persons, shall be credited by the Controller to such heirs, devisees or legatees of the property affected by such transaction; or, if such property has permanently escheated to the state, to the account in the General Fund to which the permanently escheated cash derived from estates of deceased persons is credited.
(Amended by Stats. 1978, Ch. 1183.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code