Assembly BillPassed both housesCivil Procedure
AB 1447: Unclaimed property: escheat to the state.
What AB 1447 does, verified August 12, 2026
The bill aims to amend the unclaimed property law in California. Currently, the law requires a notice to be mailed to individuals who appear to be entitled to unclaimed property valued at $50 or more. The notice must be sent to the individual's last known address. The proposed law would change this to only require the notice to be sent to a valid deliverable address, either from the report or obtained from the franchise tax board. If the address listed in the report is not valid, but the controller finds a corrected valid address, the notice must be sent to that corrected address. This change would simplify the process of sending notices to individuals who are entitled to unclaimed property.
Bill journey
✓IntroducedComplete
✓In CommitteeComplete
✓First Chamber FloorComplete
✓Second ChamberComplete
5GovernorCurrent
6ChapteredPending
Last 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. (2026-08-10)Alert me
Author and sponsors
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| Aug. 10, 2026 | 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 | Re-referred to Com. on RLS. pursuant to Senate Rule 29.10(b). |
| Aug. 10, 2026 | Read third time and amended. Ordered to second reading. |
| Aug. 10, 2026 | Ordered to third reading. |
| Aug. 10, 2026 | (Ayes 29. Noes 9.) |