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2018 California Code
Code of Civil Procedure - CCP
PART 3 - OF SPECIAL PROCEEDINGS OF A CIVIL NATURE
TITLE 10 - UNCLAIMED PROPERTY
CHAPTER 4 - Management of Unclaimed Property
ARTICLE 4 - Disposal of Proceeds of Sale or Lease
Section 1394.
Universal Citation: CA Civ Pro Code § 1394 (2018)
1394.
The proceeds of any transaction by the Controller under the provisions of this chapter in connection with property received and held by the state under the provisions of this title, for the benefit of the persons entitled thereto, shall be credited by the Controller to such persons; or, if the property affected by such transaction has permanently escheated to the state, to the account in the General Fund in the name of which such permanently escheated property was recorded.
(Amended by Stats. 1978, Ch. 1183.)
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