Are we referring to boxes belonging to those who’ve recently deceased? If so, this has been going on for a long time. When my dad passed in 1984, my mother went and closed the box out right away to avoid the state impounding the contents.
Would appreciate more details, please. And I’m not going to the blog.
No!
From the blog(Ludwig Von Mises Institute) CA is drilling boxes even if the owner is alive and the box rental has been paid.
The program was originally started with the intent of providing a method of handling unclaimed funds but has evolved as a revenue generating source for CA.
They have shortened the time to declare the funds unclaimed and have diminished the notice requirements to enhance the amount of money going to the state.