All tangible personal property located in this state, and, subject to Section 1510, all intangible personal property, held for the owner by any government or governmental subdivision or agency, that has remained unclaimed by the owner for more than three years escheats to this state.
Cal. Civ. Proc. Code § 1519
Escheat of Unclaimed Personal Property
Known as the Unclaimed Property Law
The act spans §§ 1500–1582 (61 sections).
Amended by Stats. 1990, Ch. 450, Sec. 10
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.