SECTIONS 1360-1361 - California Statutes

CODE OF CIVIL PROCEDURE

SECTION 1360-1361

1360. For the purposes of this chapter, the following definitions
shall apply:
(a) "Personal property" means personal property falling within the
definition of "unclaimed property" under the provisions of this
title;
(b) "Real property" means real property falling within the
definition of "unclaimed property" under the provisions of this
title;
(c) "Securities" includes stocks, bonds, notes, debentures,
certificates of deposit, shares, and all other evidences of ownership
or indebtedness, and all forms of chose in action and the interests
in property represented thereby, falling within the definition of
unclaimed property under the provisions of this title.

1361. The care and custody of all property delivered to the
Treasurer or Controller pursuant to this title is assumed by the
State for the benefit of those entitled thereto, and the State is
responsible for the payment of all claims established thereto
pursuant to law, less any lawful deductions.