California Code of Civil Procedure

§ 1516.5

CCP § 1516.5 Effective Jan 1, 2026Title 10 · Part 3 · Ch. 7 · Art. 2

Statute text

(a)Pursuant to Section 1510, any digital financial asset held or owing by a business association escheats to the state if unclaimed by the owner for more than three years from either of the following:

(1)The date a written or electronic communication to the owner is returned undelivered by the United States Postal Service or by electronic mail or other electronic messaging method, as applicable.

(2)The date of the last exercise of an act of ownership interest by the owner in the digital asset account if the owner does not receive written or electronic communications from the holder or the holder does not have the means of systematically tracking or monitoring the nondelivery of those communications.

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Legislative history

Added by Stats. 2025, Ch. 660, Sec. 3. (SB 822) Effective January 1, 2026.