§ 1320.Deposit of Rents, Interest, Dividends Or Other Income Or Increment Derived From Property Escheated to State

Section 1319 covers income from property still open to a claim; this section covers the same kind of income once the underlying property has crossed the line into permanent escheat. Rents, interest, dividends, or other income or increment from permanently escheated real or personal property goes to the General Fund on the Controller's order, rather than back into the Unclaimed Property Fund.

The section also fixes the legal character of that income once it lands in the General Fund. It is deemed to have permanently escheated to the state as of the same date the underlying property itself permanently escheated -- not the later date the income happened to be received or credited. That backdating keeps the income's legal status consistent with the property that generated it, closing off any argument that income earned after the property's escheat became permanent should somehow remain open to a claim.