Cal. Code Regs. tit. 2 § 1155.150

Current through Register 2025 Notice Reg. No. 2, January 10, 2025

Section 1155.150 - Participation in the Electronic Funds Transfer

(a) Mandatory Participation

A holder of cash unclaimed property in an amount of two thousand dollars ($2,000.00) or more is required to deliver the cash unclaimed property to the State Controller's Office through the electronic funds transfer program.

(b) Voluntary Participation

A holder of cash unclaimed property in an amount less than two thousand dollars ($2,000.00) may voluntarily pay cash unclaimed property to the State Controller's Office through the electronic funds transfer program, however, participation in the electronic funds transfer process is not mandatory.

Cal. Code Regs. Tit. 2, § 1155.150

1. New section filed 3-26-98; operative 4-25-98 (Register 98, No. 13).
2. Change without regulatory effect amending section and NOTE filed 11-3-2022 pursuant to section 100, title 1, California Code of Regulations (Register 2022, No. 44).

Note: Authority cited: Section 1532, Code of Civil Procedure. Reference: Section 1532, Code of Civil Procedure.

1. New section filed 3-26-98; operative 4-25-98 (Register 98, No. 13).
2. Change without regulatory effect amending section and Note filed 11-3-2022 pursuant to section 100, title 1, California Code of Regulations (Register 2022, No. 44).