§ 1394.Credit of Proceeds to Persons Entitled Or to Account In General Fund

Sections 1392 and 1393 handle proceeds tied to specific categories of decedents'-estate property, and Section 1394 closes out Article 4 by covering everything else this title's broader custodial scheme reaches. The proceeds of any Controller transaction involving property the state receives and holds under this title, for the benefit of the persons entitled to it, get credited to those persons directly.

The same permanent-escheat split from the preceding two sections applies here as well. If the property affected by the transaction has permanently escheated to the state, the proceeds go instead to the account in the General Fund in whose name the permanently escheated property was recorded, rather than to any individual claimant. Read together, Sections 1390 through 1394 make sure every dollar the Controller generates by selling or leasing unclaimed property lands in the right account, whether that's a fund waiting for a claimant, an estate, specific heirs, or the General Fund once a claim is no longer possible.