§ 1431 Unclaimed property fund; transfer of permanently escheated money or property to general fund
§ 1431. Unclaimed property fund; transfer of permanently escheated money or property to general fund
When money in the Unclaimed Property Fund has become permanently escheated to the state, the amount thereof shall, on order of the Controller, be transferred to the General Fund. When property other than money held by the Controller or Treasurer in the name of any account in the Unclaimed Property Fund has become permanently escheated to the state, the records of the Controller and Treasurer shall be adjusted to show that such property is held in the name of the General Fund.