(California Court of Appeal) - In an action challenging the California State Controller denying its claim seeking unclaimed property held as escheated funds,the trial court's judgment on the pleadings granted in favor of the Controller is affirmed where plaintiff could not claim escheated property under the Unclaimed Property Law, Code of Civ. Proc. section 1500 et seq., or as an assignee of a title company because it was a suspended corporation,Rev. & Tax. Code section 23301, which lacked legal capacity to prosecute an action.
Source: findlaw.com