§ 1320 Unclaimed property fund; rents, interest, dividends, etc. from permanently escheated property; deposit in general fund; presumption

Codes > California Code of Civil Procedure > Part 3 > Title 10 > 1320

§ 1320. Unclaimed property fund; rents, interest, dividends, etc. from permanently escheated property;
deposit in general fund; presumption

    Except as otherwise provided in Section 1318, all rents, interest, dividends or other income or increment derived from real or personal property that has permanently escheated to the state, shall, on order of the Controller, be deposited in the General Fund.

    All moneys deposited in the General Fund under the provisions of this section shall be deemed to have permanently escheated to the state as of the date of permanent escheat of the property from which such moneys were derived.