§ 1392.Credit of Proceeds to Estate From Which Property Affected By Transaction Received

Property the state receives from a decedent's estate under the separate provisions of Chapter 6 needs its own accounting trail once the Controller sells or otherwise transacts on it, and Section 1392 supplies that trail. The proceeds of any transaction the Controller carries out under this chapter, involving property received and held by the state under Chapter 6's Article 1, get credited back to the estate the property came from.

If that property has instead permanently escheated to the state, the proceeds take a different route: credit goes to the General Fund account that holds permanently escheated cash derived from decedents' estates generally, rather than to the specific estate's own account. That split mirrors the broader distinction this chapter draws throughout Article 4 between property still subject to a claim and property that has permanently escheated, applied here to the particular category of decedents'-estate property.