§ 1351.Money Or Property Deposited Becoming Property of State By Escheat
Title 10. Unclaimed Property · Chapter 3. Payment of Claims · Article 3. Claims · Enacted 1708 · no amendments on record · Last verified July 29, 2026
Full Text of § 1351
Plain-English Summary
Section 1350 gives an owner an open-ended right to claim, but that right is not truly unlimited. This section supplies the outer boundary: unless some other provision of this Title says otherwise, money or property deposited in the State Treasury under this Title becomes the property of the state by escheat if the person entitled to it does not claim it within five years of the deposit.
That five-year lapse does not by itself finalize things -- it triggers a further step. On the Controller's request, the Attorney General commences a court proceeding to have it adjudged, determined, or established that title has vested in the state. Alternatively, instead of going to court, the Controller may take the streamlined administrative action available for that purpose. Either path formally confirms what the five-year lapse already set in motion, and (as this Title uses the term) escheat at this stage still leaves the door open to a later claimant under the right circumstances -- it is a different and further step to make that escheat permanent.
Frequently Asked Questions
How long does an owner have to claim deposited property before it escheats to the state?
Five years from the date of deposit, unless another provision of this Title provides otherwise.
Does the five-year lapse alone transfer title to the state?
It sets escheat in motion, but the Attorney General (on the Controller's request) or the Controller directly still has to take a further step -- a court proceeding or the alternative administrative action -- to have title formally established in the state.
Is escheat under this section the same as permanent escheat?
No -- escheat under this section is a distinct and earlier step; permanent escheat, which forecloses further claims, follows separately.
Amendment History
Added by Stats. 1951, Ch. 1708.