This chapter does not apply to unclaimed funds held by a life insurance corporation which is organized or admitted as a domestic fraternal benefit society under Chapter 10 (commencing with Section 10970) of Part 2 of Division 2 of the Insurance Code, so long as such funds are used for scholarship funds, exclusive of costs of administration thereof.
Cal. Civ. Proc. Code § 1528
Escheat of Unclaimed Personal Property
Known as the Unclaimed Property Law
The act spans §§ 1500–1582 (61 sections).
Added by Stats. 1974, Ch. 1050.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.