California § 685. 685. (Added by Stats. 2011, Ch. 243, Sec. 2.)

California Statutes

§ 685. — 685. (Added by Stats. 2011, Ch. 243, Sec. 2.)

California § 685.

JurisdictionCalifornia

Code FINFinancial Code - FIN

Div. 1.DIVISION 1. FINANCIAL INSTITUTIONS

Ch. 7.CHAPTER 7. Liquidation and Conservation

Art. 4.ARTICLE 4. Liquidation of an Uninsured Licensee

This text of California § 685. (685. (Added by Stats. 2011, Ch. 243, Sec. 2.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Financial Code - FIN Code § 685. (2026).

Text

Whenever, under the provisions of this article, the commissioner is required to transmit unclaimed money or other unclaimed property to any state officer for deposit in the State Treasury, the commissioner, upon request of the Controller, shall transmit to the Controller all signature cards and any other identifying information available from the records of the licensee, covering the money or other property. Upon receipt by the Controller of the signature cards or other identifying
 information, the licensee and the commissioner shall be relieved of all responsibility therefor. The signature cards and other identifying information may be destroyed or otherwise disposed of by the Controller whenever, in his or her discretion, their further retention by him or her is no longer required in th

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Whenever, under the provisions of this article, the commissioner is required to transmit unclaimed money or other unclaimed property to any state officer for deposit in the State Treasury, the commissioner, upon request of the Controller, shall transmit to the Controller all signature cards and any other identifying information available from the records of the licensee, covering the money or other property. Upon receipt by the Controller of the signature cards or other identifying
information, the licensee and the commissioner shall be relieved of all responsibility therefor. The signature cards and other identifying information may be destroyed or otherwise disposed of by the Controller whenever, in his or her discretion, their further retention by him or her is no longer required in the interest of the customers or the state.