§ 1314 Unclaimed property fund; separate accounts; accounting for, and holding property in name of fund

Codes > California Code of Civil Procedure > Part 3 > Title 10 > 1314

§ 1314. Unclaimed property fund; separate accounts; accounting for, and holding property in name of fund

    The Controller shall maintain a separate account in the Unclaimed Property Fund covering the accountability for money deposited in the Unclaimed Property Fund under each article of Chapter 6. All real and personal property distributed to the State or delivered into the possession of the State or any officer or employee thereof under the provisions of this title, shall be accounted for by the Controller in the name of the account in the Unclaimed Property Fund to which the proceeds thereof, if converted into  cash, wouldbe credited under the provisions of this title. All personal property deposited in the State Treasury under the provisions of this title shall be held by the Treasurer in the name of the same account in the Unclaimed Property Fund for which such property is accounted by the Controller, as herein provided.