California Court of Appeal

The notice provisions of the Unclaimed Property Law do not require the California Controller to provide notice to apparent owners of the escheated stock before the Controller sells the stock. Sale of escheated stock without notice to the owners does not violate the due process provisions of the federal or state constitutions.

Appellate Information

• Decided 01/29/2004
• Published 02/27/2004

Judges

• BOLAND, J.

Court

• California Court of Appeal

Counsel

• For Appellant:
  
•  Law Office of William W. Palmer and William W. Palmer;  Magaña, Cathcart & McCarthy, Peter T. Cathcart and Clay Robbins, III, Los Angeles, for Plaintiffs and Appellants.


• For Appellees:
  
• Remcho, Johansen & Purcell, Robin B. Johansen, San Francisco, and James C. Harrison, Sacramento, for Defendant and Respondent.