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AB 1447·CA·house

Unclaimed property: escheat to the state.

Passed Both ChambersFiled Feb 21, 2025
Sponsor: Mike Gipson (D)
Latest Action

From committee: Be re-referred to Com. on JUD. pursuant to Senate Rule 29.10(b). (Ayes 5. Noes 0.) Re-referred to Com. on JUD.

Aug 10, 2026

Legislative status

  1. Introduced
  2. In Committee
  3. Reported by Committee
  4. Floor Vote Scheduled
  5. Passed One Chamber
  6. Passed Both Chambers
  7. Sent to Executive
  8. Signed into Law

Summary

The bill directs that property with no known owner be turned over to the state through the escheat process. It would affect owners of abandoned assets and the state agencies that manage unclaimed property. The goal is to ensure such assets are handled consistently and returned when possible.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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Vote

69 yes

0 no

Read third time. Passed. Ordered to the Senate. (Ayes 69. Noes 0. Page 1487.) · May 8, 2025

Hearings

History

  1. In Senate. Held at Desk.
  2. Withdrawn from Engrossing and Enrolling.
  3. Ordered to the Senate.
  4. Read third time. Passed. Ordered to the Assembly. (Ayes 35. Noes 0. Page 2138.).
  5. In Assembly. Ordered to Engrossing and Enrolling.
  6. Read second time. Ordered to Consent Calendar.
  7. From committee: Be ordered to second reading file pursuant to Senate Rule 28.8 and ordered to Consent Calendar.
  8. From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 13. Noes 0.) (July 1). Re-referred to Com. on APPR.
  9. Referred to Com. on JUD.
  10. Read third time. Passed. Ordered to the Senate. (Ayes 69. Noes 0. Page 1487.)
  11. In Senate. Read first time. To Com. on RLS. for assignment.
  12. Read second time. Ordered to Consent Calendar.

The 12 most recent of 22 recorded actions.

Sponsors

  • Mike Gipson (D) · sponsor
  • Gipson

Bill text

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