OAR 141-045-0155
Relief From Liability


Upon delivery or payment of Reportable unclaimed property to the Department in compliance with ORS 98.302 (Definitions for ORS 98.302 to 98.436) to 98.436 (Short title), the state shall assume custody of the Property and the Holder is relieved of all liability for any claim which then exists or which thereafter may arise or be made in respect to the Property, to the extent of the value of the Property so paid or delivered.
(2) The Department shall indemnify the Holder of securities presumed abandoned according to ORS 98.322 (Intangible equity ownership interests in business associations) to the extent allowed under the Oregon Constitution.
(3) No Person shall have any claim against the state, the Holder, any transfer agent, registrar or other Person acting for or on behalf of a Holder for any change in market value of the Property occurring after delivery by the Holder to the Department, or after sale of the Property by the Department.

Source: Rule 141-045-0155 — Relief From Liability, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=141-045-0155.

Last Updated

Jun. 8, 2021

Rule 141-045-0155’s source at or​.us