Section 1213. Purpose and policy  


Latest version.
  •    It is the purpose of this article to
      extend the declared policy of the state with  respect  to  unclaimed  or
      abandoned  property  to  all such property in the possession, custody or
      control of  the  United  States  of  America,  its  officers,  agencies,
      departments,  instrumentalities  and corporations. Article twelve of the
      abandoned property law provides for the escheat of  such  property  paid
      into  or deposited in courts of the United States. This article provides
      for the escheat of all unclaimed or abandoned property, of whatever kind
      or nature, in the possession, custody or control of  all  other  federal
      authorities,  bodies or corporations and shall be liberally construed to
      accomplish such purpose.