What is the escheat process in California?
What is the escheat process in California? Escheat is a legal process that transfers ownership of abandoned property to the state. In California, for instance, landlords, banks and other organizations that have control over others' property must return it to their owners after three years of inactivity. How do I recover my escheated funds in California? Residents and business owners can search the database of unclaimed assets and submit a claim at the state's website, claimit.ca.gov, or by calling (800) 992-4647. How long does California hold unclaimed property? three Unclaimed Property is generally defined as any financial asset that has...