Cal. Code Regs. Tit. 4, § 12316 - Unclaimed or Abandoned Property

(a) A cardroom business licensee must establish written policies and procedures which comply with California's Unclaimed Property Law (Code Civ. Proc., section 1500 et seq.), regarding unclaimed chips, cash, and cash equivalents left at a gaming table or in any player's bank deemed inactive by the terms of the cardroom business licensee's policies and procedures, un-deposited checks issued by the cardroom business licensee to a patron, and un-deposited checks drawn on a cardroom business licensee's account.

(b) Records of the date and amount of any unclaimed property sent or reported to the State Controller must be kept by the cardroom business licensee.

Notes

Cal. Code Regs. Tit. 4, § 12316

1. New section filed 2-2-2015; operative 7-1-2015 pursuant to Government Code section 11343.4(b)(2) (Register 2015, No. 6).
2. Amendment filed 12-12-2020; operative 1-1-2021 pursuant to Government Code section 11343.4(b) (Register 2020, No. 51). Filing deadline specified in Government Code section 11349.3(a) extended 60 calendar days pursuant to Executive Order N-40-20.

Note: Authority cited: Sections 19811, 19840, 19841 and 19920, Business and Professions Code. Reference: Sections 19801 and 19841, Business and Professions Code; and Title 10, Chapter 7 (Commencing with section 1500), Code of Civil Procedure.

1. New section filed 2-2-2015; operative 7-1-2015 pursuant to Government Code section 11343.4(b)(2)(Register 2015, No. 6).
2. Amendment filed 12-12-2020; operative 1/1/2021 pursuant to Government Code section 11343.4(b) (Register 2020, No. 51). Filing deadline specified in Government Code section 11349.3(a) extended 60 calendar days pursuant to Executive Order N-40-20.