§ 1582 (a) (1) An agreement to locate, deliver, recover, or assist in the recovery of property reported under Section 1530 is invalid if either of the follow…
Part 3: Of Special Proceedings of a Civil Nature | Title 10: Unclaimed Property | Chapter 7: Unclaimed Property Law | Article 7: Miscellaneous
Rule Text
(a) (1) An agreement to locate, deliver, recover, or assist in the recovery of property reported under Section 1530 is invalid if either of the following apply:
(2) An agreement to locate, deliver, recover, or assist in the recovery of property reported under Section 1530 made after payment or delivery under Section 1532 is valid if it meets all of the following requirements:
(3) This subdivision shall not be construed to prevent an owner from asserting, at any time, that an agreement to locate property is based upon an excessive or unjust consideration.
(b) Notwithstanding any other provision of law, records of the Controller’s office pertaining to unclaimed property are not available for public inspection or copying until after publication of notice of the property or, if publication of notice of the property is not required, until one year after delivery of the property to the Controller.
Amendment history: Amended by Stats. 2022, Ch. 282, Sec. 5. (AB 2280) Effective January 1, 2023.