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State bill targets abandoned assets. When can California seize your forgotten stocks?

Proposed legislation to streamline California's ability to seize abandoned stocks and mutual funds is drawing opposition from business group

Cali Reporter staff · August 24, 2026
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State bill targets abandoned assets. When can California seize your forgotten stocks?
State bill targets abandoned assets. When can California seize your forgotten stocks?

Proposed legislation to streamline California's ability to seize abandoned stocks and mutual funds is drawing opposition from business groups and dividing Democratic lawmakers.

Original reporting: LA Times, California.

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