business
State bill targets abandoned funds. When can California seize your forgotten stocks?
Summary by The Los Angeles Editorial Desk Dakota Smith , as published by Los Angeles Times - California
· August 24, 2026
· 1 min read
Photo: Los Angeles Times - California · view original
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Summary created by The Los Angeles Editorial Desk — automated, rule-governed Byline on source page Dakota Smith, as published by Los Angeles Times - California Original story Read at the source Source published Aug 24, 2026 Indexed here Aug 24, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key points This measure is facing opposition from business groups. Proposed legislation aims to streamline the process of seizing abandoned stocks and mutual funds.
Proposed legislation aims to streamline the process of seizing abandoned stocks and mutual funds. This measure is facing opposition from business groups. Democratic lawmakers are also divided on the issue.
The legislation targets abandoned funds, but details of the proposal are limited. Further information on the bill and its potential impact is available.
Opposition from business groups and division among Democratic lawmakers indicate that the legislation may face challenges as it moves forward.
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Category: business Published: August 24, 2026 Source: Los Angeles Times - California Reading time: 1 min
Frequently asked about this story
What is this story about? Proposed legislation aims to streamline the process of seizing abandoned stocks and mutual funds. This measure is facing opposition from business groups. Democratic lawmakers are also divided on the…
When was this published? This article was first published on August 24, 2026 by Los Angeles Times - California and curated for The Los Angeles readers.
Who reported this story? This story was reported by Dakota Smith at Los Angeles Times - California. To learn more about how The Los Angeles selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The Los Angeles, or browse our daily briefing and topic hubs .
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