2009 California Financial Code - Section 3160-3162 :: Article 3. Disposal Of Unclaimed Trust Property

3160.  Whenever any bank or trust company is being liquidated or
whenever the trust business of any bank or trust company has been
discontinued and the bank or trust company has in its possession
money or other property held by it in trust or for safekeeping and
the beneficiaries or persons entitled thereto are unknown or cannot
be found, the commissioner or the bank or trust company, upon
obtaining approval of the superior court of the county in which the
liquidation proceedings are pending or in which the head office of
such trust company or bank is situated, may:
   (a) In the case of money, deliver the same to the Treasurer;
   (b) In the case of other property, deliver the same to the
Controller for deposit in the State Treasury.

3161.  Upon the delivery of any money to the State Treasurer or upon
the delivery of any property to the State Controller a certified
copy of the order of the court approving such delivery shall be given
to the State Controller, and upon the delivery of any money to the
State Treasurer a notice giving the amount so delivered shall be
filed with the State Controller. Upon the receipt of any money or
other properties, the State Treasurer or the State Controller, as the
case may be, shall issue a receipt for the same, and said receipt
shall be deemed a voucher in favor of the bank or trust company the
same as though executed by the beneficiary or other person entitled
thereto.

3162.  All money or other property delivered to the State Treasurer
or State Controller pursuant to this article, except Section 3163,
shall be deemed to be so delivered for deposit in the State Treasury
under the provisions of Chapter 7 (commencing with Section 1500) of
Title 10 of Part 3 of the Code of Civil Procedure, and shall be
subject to claim or other disposition as provided in said Chapter 7
(commencing with Section 1500) of Title 10.