CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION Assembly Bill No. 2198Introduced by Assembly Member TingFebruary 12, 2020 An act to add Section 1583 to the Code of Civil Procedure, relating to unclaimed property. LEGISLATIVE COUNSEL'S DIGESTAB 2198, as introduced, Ting. Unclaimed property: report to the Legislature.The Unclaimed Property Law governs the disposition of unclaimed property, including the escheat of certain property to the state. Those provisions require a person holding funds or other property escheated to the state to report to the Controller certain information regarding the property and the owner, and set forth procedures whereby a person may file a claim to the property or to the net proceeds from its sale. This bill would require the Controller, by January 1, 2022, to submit to the Legislature a report, as specified, stating the Controllers recommendations for reducing the administrative burden on property owners by streamlining the existing claims process.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 1583 is added to the Code of Civil Procedure, to read:1583. (a) By January 1, 2022, the Controller shall submit to the Legislature a report stating the Controllers recommendations for reducing the administrative burden on property owners by streamlining the claims process described in Section 1540.(b) The report to the Legislature required by this section shall be submitted in compliance with Section 9795 of the Government Code.
CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION Assembly Bill No. 2198Introduced by Assembly Member TingFebruary 12, 2020 An act to add Section 1583 to the Code of Civil Procedure, relating to unclaimed property. LEGISLATIVE COUNSEL'S DIGESTAB 2198, as introduced, Ting. Unclaimed property: report to the Legislature.The Unclaimed Property Law governs the disposition of unclaimed property, including the escheat of certain property to the state. Those provisions require a person holding funds or other property escheated to the state to report to the Controller certain information regarding the property and the owner, and set forth procedures whereby a person may file a claim to the property or to the net proceeds from its sale. This bill would require the Controller, by January 1, 2022, to submit to the Legislature a report, as specified, stating the Controllers recommendations for reducing the administrative burden on property owners by streamlining the existing claims process.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NO
CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION
Assembly Bill
No. 2198
Introduced by Assembly Member TingFebruary 12, 2020
Introduced by Assembly Member Ting
February 12, 2020
An act to add Section 1583 to the Code of Civil Procedure, relating to unclaimed property.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
AB 2198, as introduced, Ting. Unclaimed property: report to the Legislature.
The Unclaimed Property Law governs the disposition of unclaimed property, including the escheat of certain property to the state. Those provisions require a person holding funds or other property escheated to the state to report to the Controller certain information regarding the property and the owner, and set forth procedures whereby a person may file a claim to the property or to the net proceeds from its sale. This bill would require the Controller, by January 1, 2022, to submit to the Legislature a report, as specified, stating the Controllers recommendations for reducing the administrative burden on property owners by streamlining the existing claims process.
The Unclaimed Property Law governs the disposition of unclaimed property, including the escheat of certain property to the state. Those provisions require a person holding funds or other property escheated to the state to report to the Controller certain information regarding the property and the owner, and set forth procedures whereby a person may file a claim to the property or to the net proceeds from its sale.
This bill would require the Controller, by January 1, 2022, to submit to the Legislature a report, as specified, stating the Controllers recommendations for reducing the administrative burden on property owners by streamlining the existing claims process.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. Section 1583 is added to the Code of Civil Procedure, to read:1583. (a) By January 1, 2022, the Controller shall submit to the Legislature a report stating the Controllers recommendations for reducing the administrative burden on property owners by streamlining the claims process described in Section 1540.(b) The report to the Legislature required by this section shall be submitted in compliance with Section 9795 of the Government Code.
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. Section 1583 is added to the Code of Civil Procedure, to read:1583. (a) By January 1, 2022, the Controller shall submit to the Legislature a report stating the Controllers recommendations for reducing the administrative burden on property owners by streamlining the claims process described in Section 1540.(b) The report to the Legislature required by this section shall be submitted in compliance with Section 9795 of the Government Code.
SECTION 1. Section 1583 is added to the Code of Civil Procedure, to read:
### SECTION 1.
1583. (a) By January 1, 2022, the Controller shall submit to the Legislature a report stating the Controllers recommendations for reducing the administrative burden on property owners by streamlining the claims process described in Section 1540.(b) The report to the Legislature required by this section shall be submitted in compliance with Section 9795 of the Government Code.
1583. (a) By January 1, 2022, the Controller shall submit to the Legislature a report stating the Controllers recommendations for reducing the administrative burden on property owners by streamlining the claims process described in Section 1540.(b) The report to the Legislature required by this section shall be submitted in compliance with Section 9795 of the Government Code.
1583. (a) By January 1, 2022, the Controller shall submit to the Legislature a report stating the Controllers recommendations for reducing the administrative burden on property owners by streamlining the claims process described in Section 1540.(b) The report to the Legislature required by this section shall be submitted in compliance with Section 9795 of the Government Code.
1583. (a) By January 1, 2022, the Controller shall submit to the Legislature a report stating the Controllers recommendations for reducing the administrative burden on property owners by streamlining the claims process described in Section 1540.
(b) The report to the Legislature required by this section shall be submitted in compliance with Section 9795 of the Government Code.