Lost, Unclaimed or Abandoned Property

ORS 98.392
Claim for unclaimed property reported to Department of State Lands

  • timing and processing of claim
  • claims for securities
  • rules


(1)

A person claiming an interest in unclaimed property reported to the Department of State Lands may file a claim to the property or to the proceeds from the sale of the property at any time after the person learns that the property has been reported to the department. Claims shall be filed on the form prescribed by the department. The department may require the person to provide a lost instrument bond if the claim is for securities and the person does not surrender the original certificate to the department.

(2)

If a claim is filed under this section for amounts identified as lawyer trust account funds in the report required by ORS 98.352 (Report of abandoned property), the department shall forward the claim to the Oregon State Bar for review and for payment by the Oregon State Bar if the claim is allowed. The department and the Oregon State Bar shall adopt rules for the administration of claims subject to this subsection. [1957 c.670 §21; 1977 c.609 §1; 1983 c.716 §18; 1991 c.213 §1; 1993 c.694 §17; 1997 c.85 §1; 2009 c.462 §3]
Note: The amendments to 98.392 (Claim for unclaimed property reported to Department of State Lands) by section 22, chapter 678, Oregon Laws 2019, become operative July 1, 2021. See section 85, chapter 678, Oregon Laws 2019. The text that is operative on and after July 1, 2021, is set forth for the user’s convenience.
98.392 (Claim for unclaimed property reported to Department of State Lands). (1) A person claiming an interest in unclaimed property reported under ORS 98.352 (Report of abandoned property) may file a claim to the property or to the proceeds from the sale of the property at any time after the property has been reported. Claims shall be filed on the form prescribed by the State Treasurer. The State Treasurer may require the person to provide a lost instrument bond if the claim is for securities and the person does not surrender the original certificate to the State Treasurer.

(2)

If a claim is filed under this section for amounts identified as lawyer trust account funds in the report required by ORS 98.352 (Report of abandoned property), the State Treasurer shall forward the claim to the Oregon State Bar for review and for payment by the Oregon State Bar if the claim is allowed. The State Treasurer and the Oregon State Bar shall adopt rules for the administration of claims subject to this subsection.

Atty. Gen. Opinions

Implied authority to sell abandoned stock through a broker, (1971) Vol 35, p 993

§§ 98.302 to 98.436

Atty. Gen. Opinions

Necessity of probate if abandoned property is claimed by heirs, (1972) Vol 35, p 1177


Source

Last accessed
Jun. 26, 2021