Claims for Recovery of Unclaimed Property
(1)Any Person may submit a claim for recovery of unclaimed property reported to the Department in accordance with ORS 98.302 (Definitions for ORS 98.302 to 98.436) to 98.436 (Short title) and OAR 141-040-0200 (Purpose) through 141-040-0220 (Claim Denial/Closure).
(2) If the claim allowed is for Property deposited in the Common School Fund Account, the Department shall return the Property or make payment of the proceeds of the sale of the Property to the claimant.
(3) If the claim allowed is for funds deposited in the General Fund, the Department shall pay the claim and file a request for reimbursement with the State Treasurer. The State Treasurer shall reimburse the Department within five working days from the fund against which the check or order represented in the claim was issued.
(4) A Holder, subsequent to payment or delivery of accounts to the Department may make payment to the apparent Owner and file a claim with the Department. The Department shall reimburse the Holder within 60 days after receiving proof from the Holder that the Owner was paid. The Department shall not assess any fee or other service charge. Upon receiving the funds from the Department, the Holder shall assume liability for the claimed asset and hold the Department harmless from all future claims to the account.
(5) A Person making a claim pursuant to ORS 98.392 (Claim for unclaimed property reported to Department of State Lands) for securities is entitled to receive either the securities delivered to the Department by the Holder, if they still remain with the Department, or the proceeds received from sale, less any amounts deducted pursuant to 98.386 (Deposit of funds). The Department may require claimants to provide a lost instrument bond if the original certificate is not surrendered to the Department.
Rule 141-045-0170 — Claims for Recovery of Unclaimed Property,