§ 1505.Duty to Report Or Pay Or Deliver Property Arising Prior to January 1, 1969

Rewriting a statute does not erase the obligations that already existed under the old version, and Section 1505 makes that continuity explicit. Any duty to file a report with the State Controller, or to pay or deliver property, that arose before January 1, 1969, under this chapter as it stood at that time remains intact. This chapter's modern rewrite does not wipe out a holder's earlier obligations just because the law around them changed.

The section also keeps the enforcement machinery running. Those pre-1969 duties, and the penalties for failing to perform them, may still be enforced under the version of this chapter that existed before 1969, since that older law is kept in existence for this specific purpose. A holder cannot argue that the modern rewrite erased an old, unfulfilled obligation because the current chapter reads differently.