The expiration of any period of time specified by statute or court order, during which an action or proceeding may be commenced or enforced to obtain payment of a claim for money or recovery of property from the holder, does not prevent the money or property from being escheated, nor affect any duty to file a report required by this chapter or to pay or deliver escheated property to the State Controller.
Cal. Civ. Proc. Code § 1570
Compliance and Enforcement
Known as the Unclaimed Property Law
The act spans §§ 1500–1582 (61 sections).
Applied in 1 court decision — leading case Travelers Express Co. v. Cory (1981)
Most recently applied in Travelers Express Co. v. Cory (December 1981)
Added by renumbering Section 1515 by Stats. 1968, Ch. 356.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.