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DOUGLAS AIRCRAFT CO. v. CRANSTON

Docket No. L.A. 26426.

58 Cal.2d 462 (1962)

374 P.2d 819

24 Cal. Rptr. 851

DOUGLAS AIRCRAFT COMPANY, INC., Plaintiff and Respondent, v. ALAN CRANSTON, as State Controller, Defendant and Appellant.

Supreme Court of California. In Bank.

October 2, 1962.

Attorney(s) appearing for the Case

Stanley Mosk, Attorney General, John F. Hassler and Bonnie Lee Martin, Deputy Attorneys General, for Defendant and Appellant.

Louis Lieber, Jr., Elmer J. Stone and William D. Craig for Plaintiff and Respondent.

TRAYNOR, J.

In 1959 the Legislature enacted the Uniform Disposition of Unclaimed Property Act. (Code Civ. Proc., §§ 1500-1527.) The act defines abandoned property (§§ 1502-1508) and requires that its holder shall report (§ 1510) and pay or deliver it to the State Controller (§ 1512). The statute of limitations is not a defense to such reporting and payment or delivery (§ 1515), and the act applies to property that was abandoned before...

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