Upon receipt of the proceeds of any sale made pursuant to this chapter, the Controller shall execute, in the name and on behalf of the State of California, a deed covering the real property, and a bill of sale covering the personal property, sold. He may execute leases for real or personal property in the name and on behalf of the State of California.
§ 1376.Execution of Deed Covering Real Property and Bill of Sale Covering Personal Property
Title 10. Unclaimed Property · Chapter 4. Management of Unclaimed Property · Article 3. Sale or Disposal of Property · Enacted 1708 · no amendments on record · Last verified July 29, 2026
In one sentenceSection 1376 requires the Controller, once the proceeds of a sale under this chapter come in, to execute a deed for real property and a bill of sale for personal property in the state's name, and allows the Controller to execute leases of either kind of property the same way.
Full Text of § 1376
Plain-English Summary
A sale isn't finished until the buyer gets title, and Section 1376 makes the Controller responsible for that last step. Upon receipt of the proceeds of any sale made under this chapter, the Controller must execute, in the name and on behalf of the State of California, a deed covering the real property sold and a bill of sale covering the personal property sold.
The section extends the same authority to leases. The Controller may execute leases for real or personal property in the state's name as well, using the same conveyancing mechanism that applies to outright sales. Together with Section 1372's authority to sign and authenticate the paperwork a transaction needs, this section completes the picture of how the state formally transfers what the Controller has sold or leased.
Frequently Asked Questions
When does the Controller execute the deed or bill of sale for property sold under this chapter?
Upon receipt of the proceeds of the sale, the Controller executes a deed for real property and a bill of sale for personal property, in the state's name.
Can the Controller also execute leases in the state's name?
Yes. Section 1376 lets the Controller execute leases for real or personal property on behalf of and in the name of the State of California.
How does this section relate to the Controller's signing authority under Section 1372?
Section 1372 authorizes the Controller to sign and authenticate the documents a transaction requires; this section specifically directs the Controller to execute the deed or bill of sale once sale proceeds are received.
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
Also known as: controller executes deed unclaimed property californiabill of sale for escheated personal property