Westly v. U. S. Bancorp

Opinion

BLEASE, J.

In this consolidated appeal, Steve Westly, as state Controller (the Controller), 1 appeals from the judgments entered after the trial court granted the defendants’, Allstate Insurance Company et al. (Allstate) and U.S. Bancorp, et al. (U.S. Bancorp), motions for summary judgment based upon Code of Civil Procedure section 1577.5. 2

Section 1577.5 grants amnesty from the interest charges that otherwise would be imposed on the holders of escheated property who fail to deliver the property to the state in a timely manner, if the “property [is] paid or delivered to the Controller…