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California 20252026

SB 1066

Unclaimed property.

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Source: Open States / PluralUpdated 2026-09-12 13:12:55 UTC.

Official record

Measure details

Jurisdiction
California
Session
20252026
Chamber
upper
Classification
bill
Subjects
Unclaimedproperty
Introduced / first action
2026-02-12 00:00:00

Source-supplied abstracts

The Unclaimed Property Law prescribes the circumstances under which property escheats to the state. Existing law provides different requirements for escheatment of various types of property, including the time period for escheatment to the state. Existing law provides that the Controller may liquidate various forms of property after escheatment. This bill would increase the time for escheatment of all forms of property to 7 years from the last contact with the owner, as specified. This bill would require the Controller to maintain the property in the form in which it was escheated, as specified.

Sponsors

Source-supplied history

Actions

  1. August 13 hearing: Held in committee and under submission.

  2. August 5 set for first hearing. Placed on suspense file.

  3. From committee: Do pass and re-refer to Com. on APPR. (Ayes 12. Noes 0.) (June 16). Re-referred to Com. on APPR.

    committee-passage, committee-passage-favorable, referral-committee

  4. Referred to Com. on JUD.

    referral-committee

  5. In Assembly. Read first time. Held at Desk.

    reading-1

  6. Read third time. Passed. (Ayes 39. Noes 0. Page 4501.) Ordered to the Assembly.

    passage, reading-1, reading-3

  7. Read second time. Ordered to third reading.

    reading-1, reading-2, reading-3

  8. Read second time and amended. Ordered to second reading.

    amendment-passage, reading-1, reading-2

  9. From committee: Do pass as amended. (Ayes 7. Noes 0. Page 4263.) (May 14).

    amendment-passage, committee-passage, committee-passage-favorable

  10. Set for hearing May 14.

  11. May 4 hearing: Placed on APPR. suspense file.

  12. Set for hearing May 4.

  13. From committee: Do pass and re-refer to Com. on APPR. (Ayes 13. Noes 0. Page 3977.) (April 21). Re-referred to Com. on APPR.

    committee-passage, committee-passage-favorable, referral-committee

  14. From committee with author's amendments. Read second time and amended. Re-referred to Com. on JUD.

    amendment-passage, committee-passage, reading-1, reading-2, referral-committee

  15. Set for hearing April 21.

  16. Re-referred to Com. on JUD.

    referral-committee

  17. From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.

    amendment-passage, committee-passage, reading-1, reading-2, referral-committee

  18. Referred to Com. on RLS.

    referral-committee

  19. From printer. May be acted upon on or after March 15.

  20. Introduced. Read first time. To Com. on RLS. for assignment. To print.

    introduction, reading-1, referral-committee

When supplied by the API

Related measures

No resolvable related measure is supplied.