Section 701 Of Article 5. Disposal Of Unclaimed Trust Property From California Financial Code >> Division 1. >> Chapter 7. >> Article 5.
701
. Upon the delivery of any money to the Treasurer or upon the
delivery of any property to the Controller, a certified copy of the
order of the court approving the delivery shall be given to the
Controller, and upon the delivery of any money to the Treasurer a
notice giving the amount delivered shall be filed with the
Controller. Upon the receipt of any money or other properties, the
Treasurer or the Controller, as the case may be, shall issue a
receipt for the same and the receipt shall be deemed a voucher in
favor of the licensee to the same extent as though executed by the
beneficiary or other person entitled thereto.