§ 12543 Counsel Compensation From Escheats

Government Code·California

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Key Takeaways

•The state decides how much to pay lawyers who help recover unclaimed money.
•Lawyers can get up to 10% of the money they recover for the state.
•The rest of the recovered money goes to a special fund for deceased people.

Example

A lawyer helps the state find and recover $10,000 that was unclaimed.

The lawyer can get up to $1,000 (10% of $10,000) as payment, and the remaining $9,000 goes to the Deceased Persons Fund.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 12543 Counsel Compensation From Escheats

The compensation for services of such counsel shall be determined by the Department of General Services and paid only out of the sums found to be escheated and recovered to the state. The Attorney General may pay to such counsel a sum not in excess of 10 percent of the sums actually received, and the balance shall be paid into the estates of Deceased Persons Fund. (Amended by Stats. 1965, Ch. 371.)

Last verified: January 22, 2026

Key Terms

compensation Department of General Services escheated Attorney General estates of Deceased Persons Fund

References

Official text at leginfo.legislature.ca.gov
California Legislature. Government Code. Section 12543.

Key Takeaways

Example

Key Terms

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References

Key Takeaways

Example

Key Terms

Related Statutes

References