SECTIONS 1325 - California Statutes

CODE OF CIVIL PROCEDURE

SECTION 1325

1325. Notwithstanding Section 13340 of the Government Code, all
money in the Unclaimed Property Fund is hereby continuously
appropriated to the Controller, without regard to fiscal years, for
expenditure for any of the following purposes:
(a) For refund, to the person making such deposit, of amounts,
including overpayments, deposited in error in such fund.
(b) For payment of the cost of title searches and appraisals
incurred by the Controller covering real or personal property held in
the name of an account in such fund.
(c) For payment of the cost incurred by the Controller covering
indemnity bonds required in order to have duplicate certificates of
ownership issued in order to replace lost certificates, covering
personal property held in the name of an account in such fund.
(d) For payment of amounts required to be paid by the state as
trustee, bailee, or successor in interest to the preceding owner,
pursuant to the provisions of trust deeds, mortgages, or other liens
on real property held in the name of an account in such fund.
(e) For payment of costs incurred by the Controller for the
repair, maintenance and upkeep of real and personal property held in
the name of an account in such fund.
(f) For payment of costs of official advertising in connection
with the sale of real or personal property held in the name of an
account in such fund.
(g) For payment to taxing agencies of the amounts deducted by the
Controller from allowed and approved claims, in accordance with the
provisions of subdivision (c) of Section 4986.5 of the Revenue and
Taxation Code.
(h) For transfer to the Inheritance Tax Fund, on order of the
Controller, of the amount of any inheritance taxes determined to be
due and payable to the state by any claimant, with respect to any
real or personal property, including cash, claimed by that person
under the provisions of this title.
(i) For payment and delivery to claimants of money or other
property held to the credit, or in the name, of an account in such
fund, under the provisions of this title.
(j) For transfer to the General Fund, on order of the Controller,
of any money or other property in the Unclaimed Property Fund which
becomes permanently escheated to the state under the provisions of
this title.
Any expenditure made by the Controller pursuant to the provisions
of this section shall be charged against any balance credited to the
particular account in the Unclaimed Property Fund, in the name of
which is held the real or personal property for which the expenditure
is made; and if sufficient balance is not available in such account,
the expenditure may be made from any appropriation from the General
Fund for the support of the Controller, or, in the case of official
advertising, from any appropriation available therefor, to be
reimbursed from the proceeds of any subsequent sale of the property
for which such expenditure is made.