§ 702 Unclaimed Property Deposit Rules

Financial Code·California

AI SummaryVerified

Key Takeaways

•If money or stuff is given to the Treasurer or Controller, it goes into the State Treasury.
•The rules for how this money or stuff can be claimed or used are in another part of the law (Chapter 7).
•This has been the rule since January 1, 2012.

Example

If someone finds a bag of money and gives it to the state Treasurer.

The money will be kept in the State Treasury, and if someone wants to claim it, they have to follow the rules in Chapter 7.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 702 Unclaimed Property Deposit Rules

All money or other property delivered to the Treasurer or Controller pursuant to this article shall be deemed to be delivered for deposit in the State Treasury under the provisions of Chapter 7 (commencing with Section 1500) of Title 10 of Part 3 of the Code of Civil Procedure and shall be subject to claim or other disposition as provided in that chapter. (Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)

Last verified: January 23, 2026

Key Terms

property claim state treasury civil procedure california treasurer disposition

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 702.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References