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Cal. Civ. Proc. Code § 1543

Payment of Claims

Known as the Unclaimed Property Law

The act spans §§ 1500 to 1582 (61 sections).

Added by Stats. 2022, Ch. 270, Sec. 1

Notwithstanding Section 1540, the Controller may do any of the following to streamline the secure payment of claims:

(a) Minimize the number of documents a claimant is required to submit for property valued at less than five thousand dollars ($5,000).

(b) Allow electronic submission of documentation to the Controller’s internet website for any claim deemed appropriate by the Controller.

(c) Authorize direct deposit by electronic fund transfer for the payment of an approved claim.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.