OAR 141-045-0021
Dormancy Periods
(1)
Except as provided in this rule, the dormancy period for all Tangible and Intangible Property is three years. After the expiration of the dormancy period, the Property is presumed abandoned and subject to the provisions of these rules pertaining to unclaimed property.(2) The dormancy period for the following deposits or refunds held by a utility is one year if unclaimed by the apparent Owner after the date of termination of services or when the funds otherwise become payable or distributable:
(a) A deposit to secure payment, or a sum paid in advance for utility services, less lawful deductions; and
(b) A sum received for utility services, which the utility has been ordered to refund, including interest on the sum, less lawful deductions.
(3) The dormancy period is one year for all intangible personal property distributable in the course of dissolution of a business association or Financial Institution.
(4) The dormancy period for the following Property is two years:
(a) Tangible and Intangible Property held in a safe deposit box or other safekeeping repository;
(b) Assets of dissolved cooperatives;
(c) Stale dated government checks or warrants including unpresented payroll checks;
(d) Tangible and Intangible Property held by a court, state, or other government, governmental subdivision or agency, law enforcement agency, public corporation or public authority;
(e) Life or endowment insurance policies where the insured would have attained the limiting age under the mortality table of an existing policy; and
(f) All intangible personal property and any income or increment on such Property held in a fiduciary capacity.
(5) The dormancy period for money orders is seven years.
(6) The dormancy period for traveler’s checks is 15 years.
Source:
Rule 141-045-0021 — Dormancy Periods, https://secure.sos.state.or.us/oard/view.action?ruleNumber=141-045-0021.