California Code of Civil Procedure

§ 1568

CCP § 1568 Effective Jan 1, 2026Title 10 · Part 3 · Ch. 7 · Art. 5

Statute text

(a)The Controller may select one or more custodians for the management and safekeeping of digital financial assets that have escheated to the state. Any entity selected as a custodian shall hold a valid license issued by the Department of Financial Protection and Innovation pursuant to Chapter 2 (commencing with Section 3201) of Division 1.25 of the Financial Code.

(b)If the Controller selects a custodian pursuant to subdivision (a), the Controller shall consider the following criteria in making the selection:

(1)Storage security to ensure the safekeeping of digital financial assets, including robust cybersecurity measures to prevent unauthorized access.

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Legislative history

Added by Stats. 2025, Ch. 660, Sec. 8. (SB 822) Effective January 1, 2026.