§ 1441 Money or property distributed to state; permanent escheat for failure to claim; rights of persons under disability; presumption in favor of bona fide purchasers
§ 1441. Money or property distributed to state; permanent escheat for failure to claim; rights of persons under disability; presumption in favor of bona fide purchasers
Money or other property distributed to the state under Chapter 6 (commencing with Section 11900) of Part 10 of Division 7 of the Probate Code, if not claimed within five years from the date of the order for distribution, as provided in Chapter 3 [FN1], is permanently escheated to the state without further proceeding; saving, however, to infants and persons of unsound mind, the right to appear and file their claims within the time limited pursuant to Section 1430, or within one year after their respective disabilities cease; provided, however, that any such property shall be conclusively presumed to be permanently escheated to the st ate as to allpersons in favor of a purchaser in good faith and for a valuable consideration from the state and anyone subsequently claiming under that purchaser, saving however, to infants and persons of unsound mind the right of recourse to the proceeds of any sale or other disposition of that property by the state and as herein provided.
[FN1] Code of Civil Procedure § 1335 et seq.