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§ 1377 The Controller shall not enter into any transaction which shall create or impose upon the owners, heirs, devisees, legatees, or other claimants of the…

Part 3: Of Special Proceedings of a Civil Nature | Title 10: Unclaimed Property | Chapter 4: Management of Unclaimed Property | Article 3: Sale or Disposal of Property

The Controller shall not enter into any transaction which shall create or impose upon the owners, heirs, devisees, legatees, or other claimants of the property involved, any obligation under an executory contract, the performance of which is not already an obligation of such owners, heirs, devisees, legatees, or other claimants prior to the consummation of the transactions authorized by this chapter.

Amendment history: Added by Stats. 1951, Ch. 1708.