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<ns0:Id>20250SB__106699INT</ns0:Id>
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<ns0:ActionText>INTRODUCED</ns0:ActionText>
<ns0:ActionDate>2026-02-12</ns0:ActionDate>
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<ns0:SessionYear>2025</ns0:SessionYear>
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<ns0:AuthorText authorType="LEAD_AUTHOR">Introduced by Senator Niello</ns0:AuthorText>
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<ns0:Legislator>
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<ns0:House>SENATE</ns0:House>
<ns0:Name>Niello</ns0:Name>
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<ns0:Title> An act to amend Section 1510 of the Code of Civil Procedure, relating to unclaimed property. </ns0:Title>
<ns0:RelatingClause>unclaimed property</ns0:RelatingClause>
<ns0:GeneralSubject>
<ns0:Subject>Unclaimed property.</ns0:Subject>
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<html:p>The Unclaimed Property Law provides that intangible personal property escheats to the state if certain enumerated conditions for escheat exist, as specified, unless otherwise provided by law.</html:p>
<html:p>This bill would make a technical, nonsubstantive change to that provision.</html:p>
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<ns0:ImmediateEffect>NO</ns0:ImmediateEffect>
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<ns0:Preamble>The people of the State of California do enact as follows:</ns0:Preamble>
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<ns0:Num>SECTION 1.</ns0:Num>
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Section 1510 of the
<ns0:DocName>Code of Civil Procedure</ns0:DocName>
is amended to read:
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<ns0:Num>1510.</ns0:Num>
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<html:p>Unless otherwise provided by statute, intangible personal property escheats to this state under this chapter if the conditions for escheat stated in Sections 1513 through 1521 exist, and if:</html:p>
<html:p>
(a)
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The last known address, as shown on the records of the holder, of the apparent owner is in this state.
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(b)
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No address of the apparent owner appears on the records of the holder and:
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<html:p>
(1)
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The last known address of the apparent owner is in this state; or
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(2)
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The holder is domiciled in this state and has not previously paid the property to the state of the last known address of the apparent owner; or
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(3)
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The holder is a government or governmental subdivision or agency of this state and has not previously paid the property to the state of the last known address of the apparent owner.
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(c)
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The last known address, as shown on the records of the holder, of the apparent owner is in a state that does not provide by law for the escheat of such property and the holder is (1) domiciled in this state or (2) a government or governmental subdivision or agency of this state.
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(d)
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The last known address, as shown on the records of the holder, of the apparent owner is in a foreign nation and the holder is (1) domiciled in
this state or (2) a government or governmental subdivision or agency of this state.
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