California Code of Civil Procedure

§ 1513

CCP § 1513 Effective Jan 1, 2017Title 10 · Part 3 · Ch. 7 · Art. 2

Statute text

(a)Subject to Sections 1510 and 1511, the following property held or owing by a business association escheats to this state:

(1)(A) Except as provided in paragraph (6), any demand, savings, or matured time deposit, or account subject to a negotiable order of withdrawal, made with a banking organization, together with any interest or dividends thereon, excluding, from demand deposits and accounts subject to a negotiable order of withdrawal only, any reasonable service charges that may lawfully be withheld and that do not, where made in this state, exceed those set forth in schedules filed by the banking organization from time to time with the Controller, if the owner, for more than three years, has not done any of the following:

(i)Increased or decreased the amount of the deposit, cashed an interest check, or presented the passbook or other similar evidence of the deposit for the crediting of interest.

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Legislative history

Amended by Stats. 2016, Ch. 463, Sec. 1. (AB 2258) Effective January 1, 2017.