Cal. Code Civ. Proc. § 1424

Current through the 2023 Legislative Session.
Section 1424 - Distributing or vesting clause of judgment or decree creating trust in favor of unknown or unidentified persons

If, in any proceeding had under this title, the judgment or decree distributes or vests unclaimed property or any portion thereof to or in the State of California and the distributing or vesting clause contains words otherwise creating a trust in favor of certain unknown or unidentified persons as a class, such judgment or decree shall vest in the State of California both legal and equitable title to such property; saving, however, the right of claimants to appear and claim the property, as provided in this title.

Ca. Civ. Proc. Code § 1424

Added by Stats. 1951, Ch. 1708.