California § 1562 - When property other than money is delivered to the State Controller under this ch
Full text of California Public Contract Code - PCC § 1562 — When property other than money is delivered to the State Controller under this ch, with citation guidance and answers to common questions.
§ 1562. When property other than money is delivered to the State Controller under this ch
When property other than money is delivered to the State Controller under this chapter, any dividends, interest or other increments realized or accruing on such property at or prior to liquidation or conversion thereof into money, shall upon receipt be credited to the ownerâs account by the State Conroller. Except for amounts so credited the owner is not entitled to receive income or other increments on money or other property paid or delivered to the State Controller under this chapter. All interest received and other income derived from the investment of moneys deposited in the Unclaimed Property Fund under the provisions of this chapter shall, on order of the State Controller, be transferred to the General Fund.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1562
What does Public Contract Code - PCC § 1562 cover?
Section 1562 ("When property other than money is delivered to the State Controller under this ch") 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 § 1562?
A common citation format is "Public Contract Code - PCC § 1562" (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 § 1562 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.