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Section 7154 Of Article 13. Redemption From California Financial Code >> Division 2. >> Chapter 5. >> Article 13.
7154
. (a) All certificates of ownership evidencing former savings
accounts that have been called for redemption must be tendered for
payment within the time limit specified in subdivision (b) of Section
1513 of the Code of Civil Procedure for escheat of unclaimed funds.
(b) Savings accounts that are not tendered for payment as set forth in this section shall escheat to the state as provided in the Unclaimed Property Law, Chapter 7 (commencing with Section 1500) of Title 10 of Part 3 of the Code of Civil Procedure.
(b) Savings accounts that are not tendered for payment as set forth in this section shall escheat to the state as provided in the Unclaimed Property Law, Chapter 7 (commencing with Section 1500) of Title 10 of Part 3 of the Code of Civil Procedure.
