§ 1532.1.Payment Or Delivery of Property Escheating to State Pursuant to Section 1514

Most escheated property follows the delivery schedule Section 1532 sets, but property escheating under Section 1514 gets a different timeline, and Section 1532.1 spells it out. Notwithstanding the deadlines in Sections 1531 and 1532, this property doesn't have to be paid or delivered to the state until the earlier of two triggers: the Controller asking the holder to do so, or one year passing after the final date for filing the report required by Section 1530.

Because delivery can be delayed this way, the section also adjusts when the Controller's own publication duty kicks in. Rather than counting from the report date, the Controller has one year after receiving the property under this section to publish notice as Section 1531 describes. The effect is to keep the notice obligation tied to when the state gets the property, not to an earlier date when the holder might still be sitting on it under this section's delayed-delivery rule.