California Code of Civil Procedure

§ 1371

CCP § 1371 Effective Jun 27, 2016Title 10 · Part 3 · Ch. 4 · Art. 3

Statute text

The Controller may sell, cash, redeem, exchange, or otherwise dispose of any securities and all other classes of personal property, and may sell, cash, redeem, exchange, compromise, adjust, settle, or otherwise dispose of any accounts, debts, contractual rights, or other choses in action if, in his or her opinion, that action on his or her part is necessary or will tend to safeguard and conserve the interests of all parties, including the state, having any vested or expectant interest in the property.

Legislative history

Amended by Stats. 2016, Ch. 31, Sec. 14. (SB 836) Effective June 27, 2016.