On September 13, 2022, Governor Newsom signed California Assembly Bill 2280 into law, allowing for an unclaimed property California Voluntary Compliance Program (“CVCP”). Under the law, the Controller waives interest for past due properties reported by unclaimed property holders th...
District Court for the Eastern District of California has issued a preliminary injunction against the State of California on unclaimed property law. The preliminary injunction is effective immediately and will remain in effect through the court's order. The order is based on the decision of the ...
In adecisiondated April 27, 2021, the California Superior Court for San Francisco County held that a Plaintiff had sufficiently alleged that the SCO had no authority to use third parties to conduct unclaimed property audits. Specifically, the court found merit to allegations that the state had ...
Under the current California Unclaimed Property Law (UPL), holders are subject to 12% interest on late reported and delivered property, unless the failure to timely report and deliver is due to “reasonable cause.” The SCO automatically generates interest assessments on past-due property, and hol...
The SCO has directed holders interested in enrolling during the initial VCP rollout to complete a brief“Interest Form to Receive an Application”on the SCO’s unclaimed property website. Once interested holders complete the form, the SCO will process the form and send approved holders an applicat...
Unclaimed Property is generally defined as any financial asset that has been left inactive by the owner for a period of time specified in the law, generally three (3) years. The California Unclaimed Property Law does NOT include real estate. Unused gift certificates are also generally excluded ...
California Legislature Passes Unclaimed Property Voluntary Compliance Program Authored by: Breea Boylan, MSA On August 17, 2022, the California legislature passed Assembly Bill 2280 which now allows the Controller to establish a program for the voluntary compliance of eligible holders of unclaimed prope...
The Disneyland Resort in California is the Happiest Place on Earth. Enjoy 2 incredible theme parks, meet favorite characters and ride thrilling attractions.
Malibu, CA | The Surfrider Hotel is located on the scenic Pacific Coast Highway, overlooking the world-famous Surfrider Beach.
7.16.23 Rio Dell City Council Meeting Tuesday 6:30pm (hybrid) - Agenda Packet includes rejection of all dog park bids and consideration of modifying the project, public hearing re list of delinquent sewer bills to forward for liens, update on Todd property that is now owned by the state ...