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Changes to Unclaimed Property Law

Changes to Unclaimed Property Law

 By Jennifer Felten Last year, the California State Assembly passed Bill 212, codified as Code of Civil Procedure sections 1530 and 1513.5, which modified the state’s unclaimed property reporting requirements. The law went into effect on January 1, 2014, but the new reporting requirements become mandatory on July 1. Under the new rules, the threshold […]