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FONG v. WESTLY

No. C042007.

12 Cal.Rptr.3d 76 (2004)

117 Cal.App.4th 841

Benny FONG et al., Plaintiffs and Appellants, v. Steve WESTLY, as Controller, etc., Defendant and Respondent.

Court of Appeals of California, Third District.

Review Denied June 23, 2004.

Attorney(s) appearing for the Case

Jeff Tochterman, William W. Palmer, Sacramento, CA, for Plaintiff and Appellant.

Bill Lockyear, Attorney General, Louis Mauro, Senior Assistant Attorney General, Catherine Van Aken, Lead Supervising Deputy Attorney General, Leslie R. Lopez and Jonathan K. Renner, Deputy Attorneys General; Rechmo, Johansen & Purcell, Robin B. Johansen and James C. Harrison, for Defendant and Respondent.

NICHOLSON, J.

Plaintiffs appeal from a judgment against their claims for monetary and equitable relief arising from the custodial escheat of stock shares they owned. We affirm.

STATUTORY BACKGROUND

Under the Unclaimed Property Law, certain types of unclaimed property escheats to the state. (Code Civ. Proc., § 1500 et seq.; all undesignated references to sections are to the Code of Civil Procedure.) The law has two objectives: (1) protect unknown...

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