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2019 Oregon Revised Statutes
Volume : 03 - Landlord-Tenant, Domestic Relations, Probate
Chapter 098 - Lost, Unclaimed or Abandoned Property; Vehicle Towing
Section 98.311 - Service charge on unclaimed property.
Universal Citation: OR Rev Stat § 98.311 (2019)
Notwithstanding the provisions in ORS 98.308, a holder may not deduct a service charge or fee or otherwise reduce an owner’s unclaimed account unless:
(1) There is a valid written contract between the holder and the owner that allows the holder to impose a charge;
(2) The service charge or fee is imposed uniformly on all accounts; and
(3) Three months’ written notice is given by first class mail to the last-known address of all owners before the charge or fee is levied. [1993 c.694 §45; 2007 c.539 §2]
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