California Statutes
§ 1517. — 1517. (Amended by Stats. 1996, Ch. 187, Sec. 1.)
California·Code CCP Code of Civil Procedure - CCP·Title 10.·Part 3. TITLE 10. UNCLAIMED PROPERTY·Ch. 7. CHAPTER 7. Unclaimed Property Law·Art. 2. ARTICLE 2. Escheat of Unclaimed Personal Property
(a)All property distributable in the course of a voluntary or involuntary dissolution or liquidation of a business association that is unclaimed by the owner within six months after the date of final distribution or liquidation escheats to this state.
(b)All property distributable in the course of voluntary or involuntary dissolution or liquidation of an insurer or other person brought under Article 14 (commencing with Section 1010) of Chapter 1 of Part 2 of Division 1 of
the Insurance Code, that is unclaimed by the owner after six months of the date of final distribution, shall be transferred to the Department of Insurance, with any proceeds of sale of property and other funds to be deposited in the Insurance Fund for expenditure as provided in Section 12937 of the Insurance Code.
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California § 1517. (1517. (Amended by Stats. 1996, Ch. 187, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1996, Ch. 187, Sec. 1. Effective July 19, 1996.