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2021 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 3 - Sale or Disposal of Property
Section 1371.
Universal Citation:
CA Civ Pro Code § 1371 (2021)
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1371.
The Controller may sell, cash, redeem, exchange, or otherwise dispose of any securities and all other classes of personal property, and may sell, cash, redeem, exchange, compromise, adjust, settle, or otherwise dispose of any accounts, debts, contractual rights, or other choses in action if, in his or her opinion, that action on his or her part is necessary or will tend to safeguard and conserve the interests of all parties, including the state, having any vested or expectant interest in the property.
(Amended by Stats. 2016, Ch. 31, Sec. 14. (SB 836) Effective June 27, 2016.)
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