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HomeGovernment CodeDiv. 4Ch. 4Art. 3§ 43741 Unclaimed Debt Notice Requirement

§ 43741 Unclaimed Debt Notice Requirement

Government Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 43741 Unclaimed Debt Notice Requirement

Key Takeaways

  • •If you own a bond or similar debt paper registered with the treasurer, they will send you a notice by mail.
  • •If you don’t respond or present the bond within the time given in the notice, the interest on it stops.
  • •The money owed will be set aside until you claim it.

Example

You have an old savings bond registered with the government, and they send you a letter saying you need to cash it in soon.

If you ignore the letter and don’t cash in the bond on time, it won’t earn any more interest, but the money will still be there when you finally decide to claim it.

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

Official Source
View on CA.gov

§ 43741 Unclaimed Debt Notice Requirement

At the same time the treasurer shall deposit in the post office a copy of the notice, enclosed in a sealed envelope, postage prepaid, addressed to the registered owner of any such bond, warrant, judgment, note or other evidence of indebtedness, registered pursuant to law, whose address appears upon the record in the treasurer’s office. If the bond, warrant, judgment, note, or other evidence of indebtedness is not presented within the time specified in the notice, the interest upon it ceases, and the amount due shall be set aside for the payment when it is presented. (Added by Stats. 1949, Ch. 79.)

Last verified: January 22, 2026

Key Terms

judgmentclaimevidence

Related Statutes

  • § 43740 Bond Redemption Notice Requirements
  • § 43720 City Debt Refinancing Authority
  • § 43733 City Debt Bond Authorization
  • § 43737 Bond Sale Proceeds Use
  • § 43743 Debt Instrument Cancellation

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Government Code. Section 43741.
View Official Source