First National Bank of San Jose v. California, 262 U.S. 366 (1923)

First National Bank of San Jose v. California

No. 276

Submitted April 13, 1923
Decided June 4, 1923
262 U.S. 366

ERROR TO THE SUPREME COURT

OF THE STATE OF CALIFORNIA

Syllabus

A state law providing for the escheat to the bank deposits after they have remained intact and unclaimed for more than twenty years, when no notice of his residence has been filed with the bank by the depositor or any claimant, is void as applied to deposits in National Banks. Calif.Code Civ.Proc. § 1273; U.S.Rev.Stats. § 5136. P. 369.

186 Cal. 746 reversed.

Error to a judgment of the Supreme Court of California affirming a judgment for the state against the plaintiff in error bank in an action to declare unclaimed deposits escheated to the state.