Cal. Code of Civil Procedure § 1517
Cal. Code of Civil Procedure § 1517
California · California Code of Civil Procedure · Status: effective · Effective 1996-07-19
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- Citation
- Cal. Code of Civil Procedure § 1517, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/784872
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Full text
(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.
(c) This section applies to all tangible personal property located in this state and, subject to Section 1510, to all intangible personal property.