Lost, Unclaimed or Abandoned Property

ORS 98.342
Miscellaneous personal property held for another person

Text
Annotations

(1)

All intangible personal property, not otherwise covered by ORS 98.302 (Definitions for ORS 98) to 98.436 (Short title) and 98.992 (Penalty for failure to report, pay or deliver property under ORS 98), including any income or increment thereon and deducting any lawful charges, that is held or owing in the ordinary course of the holder’s business and has remained unclaimed by the owner for more than three years after it became payable or distributable is presumed abandoned.

(2)

Property is payable or distributable for the purpose of ORS 98.302 (Definitions for ORS 98) to 98.436 (Short title) and 98.992 (Penalty for failure to report, pay or deliver property under ORS 98) notwithstanding the owner’s failure to make demand or to present any instrument or document required to receive payment. [1957 c.670 §11; 1983 c.716 §7; 2001 c.302 §7]

________ ____ ____ ______
________ ____ ____ ______
________ ____ ____ ______
________ ____ ____ ______
________ ____ ____ ______
________ ____ ____ ______
________ ____ ____ ______
________ ____ ____ ______
________ ____ ____ ______
________ ____ ____ ______
________ ____ ____ ______
________ ____ ____ ______
________ ____ ____ ______
________ ____ ____ ______
________ ____ ____ ______

Source

Last accessed
May 30, 2023