California Code of Regulations
Title 2 - Administration
Division 2 - Financial Operations
Chapter 2 - State Controller
Subchapter 8 - Unclaimed Property Law
Article 4.5 - Reporting and Delivering Property that Escheats Pursuant to Code of Civil Procedure Section 1516(b)
Section 1172.60 - Interest Assessment Date

Except for life insurance companies, interest will be assessed from November 1 of the reporting year in which the property was due to the date of delivery of the property. For life insurance companies, interest will be assessed from May 1 of the reporting year in which the property was due to the date of delivery of the property.

1. New section filed 12-31-97; operative 1-30-98 (Register 98, No. 1).

Note: Authority cited: Section 1580, Code of Civil Procedure. Reference: Sections 1532 and 1577, Code of Civil Procedure.