Whenever money deposited in the Unclaimed Property Fund is transferred to the General Fund under the provisions of this title, and whenever the records of the Controller and Treasurer covering property other than money held in the name of any account in the Unclaimed Property Fund are adjusted to record such property as held in the name of the General Fund, as permanently escheated property under the provisions of this title, if it is subsequently determined that such money or other property is not, in fact, permanently escheated, such money or other property, if cash, shall, on order of the Controller, be retransferred from the General Fund to the Unclaimed Property Fund; and, if the property is other than money, the records of the Controller and Treasurer shall be adjusted to show that it is held in the name and for the benefit of the proper account in the Unclaimed Property Fund.
§ 1347.Property Held As Permanently Escheated Subsequently Determined Not to Be Escheated
Title 10. Unclaimed Property · Chapter 3. Payment of Claims · Article 2. Refund of Erroneous Receipts · Last amended 1978 · Last verified July 29, 2026
In one sentenceSection 1347 requires money or property that was transferred to the General Fund as permanently escheated, but is later determined not to be permanently escheated after all, to be moved back -- retransferred if cash, or by adjusted records if not -- to the Unclaimed Property Fund.
Full Text of § 1347
Plain-English Summary
Sometimes the state's own permanent-escheat determination turns out to be wrong. Money already transferred to the General Fund under this Title, or property whose records were adjusted to show it held in the General Fund's name as permanently escheated, can later be found not to have permanently escheated after all.
When that happens, this section requires the mistake to be corrected at the source. If the property is money, the Controller orders it retransferred from the General Fund back to the Unclaimed Property Fund. If it is something other than money, the Controller and Treasurer adjust their records instead, to show the property held in the name of, and for the benefit of, the proper account in the Unclaimed Property Fund. That correction restores the property to a status where a claimant can still recover it, undoing the finality that a permanent-escheat determination would otherwise carry.
Frequently Asked Questions
What triggers the correction this section requires?
A later determination that money or property previously treated as permanently escheated to the state, in fact, is not permanently escheated.
Where does the money or property go once that determination is made?
Cash is retransferred from the General Fund back to the Unclaimed Property Fund; other property has its records adjusted to show it held in the name of the proper account in the Unclaimed Property Fund.
Why does this correction matter to a potential claimant?
It restores the property to a status where a claimant can still recover it, reversing the finality that an (incorrect) permanent-escheat determination would otherwise have locked in.
Amendment History
Amended by Stats. 1978, Ch. 1183.
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
Also known as: reversing permanent escheat determination californiarestoring property unclaimed property fund