§ 1319.Deposit and Credit of Rents, Interest, Dividends Or Other Income Received and Held By State
Title 10. Unclaimed Property · Chapter 2. Receipt and Expenditure of Funds · Article 1. Deposit of Unclaimed Property · Enacted 1708 · no amendments on record · Last verified July 29, 2026
In one sentenceSection 1319 requires rents, interest, dividends, or other income from real or personal property the state holds in the Unclaimed Property Fund to be deposited back into the Fund and credited to the property's own account, available to the same claimant for no longer than the underlying property itself remains claimable.
Full Text of § 1319
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Except as otherwise provided in Section 1318, all rents, interest, dividends or other income or increment derived from real or personal property received and held by the State in the name of the Unclaimed Property Fund under the provisions of this title shall, on order of the Controller, be deposited in the Unclaimed Property Fund, and shall be credited by the Controller to the account maintained by him, in the name of which such property is accounted, as provided in Chapter 2. Any moneys deposited in the Unclaimed Property Fund under the provisions of this section shall be held for the benefit of the person or persons entitled to the property from which such moneys were derived, or their successors in interest; and shall be subject to claim in the same manner as such property may be claimed; but the period in which such moneys shall be available for claim by and payment to the person or persons entitled thereto shall not extend beyond the period in which the property from which such moneys were derived is available for claim and payment under the provisions of this title.
Plain-English Summary
Unlike the investment income Section 1318 sends to the General Fund, this section covers a different kind of income: rents, interest, dividends, or other income or increment that specific real or personal property generates while the state holds it in the Unclaimed Property Fund. That income follows the property, not the state's general treasury.
On the Controller's order, that income goes back into the Unclaimed Property Fund and gets credited to the same account, under Chapter 2, that the underlying property is held in. It is then held for the benefit of whoever is entitled to the property that produced it, or their successors, and can be claimed the same way the property itself can be claimed. But the section puts a firm outer limit on that right: the income cannot stay available for claim and payment any longer than the underlying property itself remains available under this Title. Once the property's own claim window closes, so does the window for the income it produced.
Frequently Asked Questions
Does income from held property go to the General Fund like investment income does?
No -- rents, interest, dividends, or other income from specific held property goes back into the Unclaimed Property Fund and is credited to that property's own account, not to the General Fund.
Can that income be claimed on its own, separate from the underlying property?
It can be claimed in the same manner as the property that produced it, but only for as long as that underlying property itself remains available for claim and payment under this Title.
Amendment History
Added by Stats. 1951, Ch. 1708.
Source & verification. Section text is reproduced verbatim from
the Deering's California Codes Annotated / vLex. Enacted by the California Legislature.
Last verified July 29, 2026.
· Official source
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