Property received under this chapter shall be deposited or sold by the State Controller as though received under Chapter 7 (commencing with Section 1500) of this title. Property received under this chapter shall not be subject to claim within two years following the date upon which it is paid to or received by the state. Thereafter, claims shall be made in the manner provided in Chapter 7 (commencing with Section 1500) of this title.
§ 1614.Deposit Or Sale of Property Received
Title 10. Unclaimed Property · Chapter 8. Property in Custody of Federal Officers, Agencies, and Departments · Last amended 1968 · Last verified July 29, 2026
In one sentenceSection 1614 has the Controller deposit or sell property received under this chapter the same way as property received under Chapter 7, shields that property from any claim for two years after the state receives it, and then subjects it to Chapter 7's ordinary claim procedure.
Full Text of § 1614
Plain-English Summary
Once federal-custody property lands in California's hands, this section folds it into the same handling system the rest of Title 10 already uses. Property received under this chapter gets deposited or sold by the State Controller exactly as though it had been received under Chapter 7's Unclaimed Property Law, rather than following any special procedure of its own.
There's one difference in timing: property received under this chapter isn't open to a claim at all for two years after the state pays for it or receives it. That two-year pause gives the state time to settle the transfer before owners start filing claims. Once those two years pass, claims proceed exactly the way Chapter 7 provides for any other unclaimed property the state holds.
Frequently Asked Questions
How does the Controller handle property received under this chapter once it arrives?
By depositing or selling it the same way as property received under Chapter 7, commencing with Section 1500.
Is there a waiting period before an owner can claim this property?
Yes. It isn't subject to claim for two years after it's paid to or received by the state.
What claim procedure applies once that waiting period ends?
The procedure provided in Chapter 7, commencing with Section 1500, of this title.
Amendment History
Amended by Stats. 1968, Ch. 356.
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: two year wait claim federal unclaimed propertychapter 7 procedure applies federal custody property