OAR 177-200-0012
Ownership of Cash Slips

(1)

General: Except for a cash slip claimed jointly in accordance with the provisions of OAR 177-046-0110 (Payment of Prizes)(5), until such time as a name of an individual or individuals is imprinted or placed upon a cash slip, a cash slip is a bearer instrument and is owned by the holder of the cash slip.

(2)

Joint Owners: Multiple individuals at least 21 years of age may jointly own and claim payment as owners of a cash slip using the methods described in OAR 177-046-0110 (Payment of Prizes)(5) for claiming jointly. Multiple individuals hold the cash slip as tenants in common. Multiple individuals may specify the percentage of ownership each person holds. Each individual must hold $1.00 of the cash slip value at a minimum.

(3)

Owner: When a name is placed upon a cash slip in the designated area, the cash slip ceases to be a bearer instrument. The individual(s) whose name(s) appears in that area on the cash slip is the owner(s) of the cash slip. More than one name may be placed on a cash slip.
(4) Natural Person: Only a natural person who is at least 21 years of age may own a cash slip and claim payment for it.

Source: Rule 177-200-0012 — Ownership of Cash Slips, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=177-200-0012.

Last Updated

Jun. 8, 2021

Rule 177-200-0012’s source at or​.us