California § 1517 - All property distributable in the course of a voluntary or involuntary dissolutio
Full text of California Public Contract Code - PCC § 1517 — All property distributable in the course of a voluntary or involuntary dissolutio, with citation guidance and answers to common questions.
§ 1517. All property distributable in the course of a voluntary or involuntary dissolutio
(a) All property distributable in the course of a voluntary or involuntary dissolution or liquidation of a business association that is unclaimed by the owner within six months after the date of final distribution or liquidation escheats to this state. (b) All property distributable in the course of voluntary or involuntary dissolution or liquidation of an insurer or other person brought under Article 14 (commencing with Section 1010) of Chapter 1 of Part 2 of Division 1 of the Insurance Code, that is unclaimed by the owner after six months of the date of final distribution, shall be transferred to the Department of Insurance, with any proceeds of sale of property and other funds to be deposited in the Insurance Fund for expenditure as provided in Section 12937 of the Insurance Code. (c) This section applies to all tangible personal property located in this state and, subject to Section 1510, to all intangible personal property.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1517
What does Public Contract Code - PCC § 1517 cover?
Section 1517 ("All property distributable in the course of a voluntary or involuntary dissolutio") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 1517?
A common citation format is "Public Contract Code - PCC § 1517" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 1517 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.