Loading chat...

CA AB1208

Bill

Official Source

Status

Passed

9/13/2022

Primary Sponsor

Philip Ting

Click for details

Origin

State Assembly

2021-2022 Session

AI Summary

  • Adds Section 1543 to the Code of Civil Procedure to authorize the Controller to streamline secure payment of unclaimed property claims.

  • Allows the Controller to minimize required documents for claimants submitting claims for property valued under $5,000.

  • Permits electronic submission of claim documentation to the Controller's website for claims deemed appropriate by the Controller.

  • Authorizes direct deposit by electronic fund transfer for payment of approved unclaimed property claims.

Legislative Description

Unclaimed property: secure payment of claims.

Last Action

Chaptered by Secretary of State - Chapter 270, Statutes of 2022.

9/13/2022

Committee Referrals

Appropriations6/1/2022
Judiciary5/4/2022
Rules2/1/2022
Appropriations3/23/2021
Judiciary3/4/2021

Full Bill Text

No bill text available