§ 1316.Recording Unclaimed Money Or Property Received By State For Benefit of Heirs, Devisees, Legatees, Creditors, Etc.

This section is the companion to Section 1315, covering a related but distinct situation: unclaimed money or property that is not just the estate's own asset, but is instead held for specific, identified people connected to the estate. Known heirs, devisees, legatees, or creditors of a decedent's estate all fall in this category, as do known claimants, payees, or other identified persons entitled to the property outside the estate context.

Whenever that is the situation, the Controller has to record the deposit to the credit of, or in the name of, those specific known people, not just under the estate's own name. That extra layer of bookkeeping keeps the eventual claims process pointed at the right individual rather than requiring every heir or creditor to first untangle their claim from the estate's general holdings.