Lost, Unclaimed or Abandoned Property

ORS 98.396
Determination of claim

  • payment
  • reimbursement


(1)

The Department of State Lands shall consider any claim filed under ORS 98.392 (Claim for unclaimed property reported to Department of State Lands) and may hold a hearing and receive evidence concerning the claim. If a hearing is held, the department shall prepare findings and a decision in writing on each claim filed, stating the substance of any evidence heard by the department and the reasons for the decision. The decision shall be a public record.

(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. [1957 c.670 §22; 1983 c.716 §19; 1989 c.183 §3; 1993 c.694 §18]
Note: The amendments to 98.396 (Determination of claim) by section 23, 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.
98.396 (Determination of claim). (1) The State Treasurer shall consider any claim filed under ORS 98.392 (Claim for unclaimed property reported to Department of State Lands) and may hold a hearing and receive evidence concerning the claim. If a hearing is held, the State Treasurer shall prepare findings and a decision in writing on each claim filed, stating the substance of any evidence heard by the State Treasurer and the reasons for the decision. A decision is a public record.

(2)

If the claim allowed is for property deposited in the Common School Fund Account, the State Treasurer 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 State Treasurer shall pay the claim from the fund against which the check or order represented in the claim was issued.
§§ 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