2019 Oregon Revised Statutes
Volume : 03 - Landlord-Tenant, Domestic Relations, Probate
Chapter 098 - Lost, Unclaimed or Abandoned Property; Vehicle Towing
Section 98.356 - Notice and publication of lists of unclaimed property; rules.
(1) The Department of State Lands shall publish notice of owners’ unclaimed accounts reported under ORS 98.352. The notice shall be published at least twice in a newspaper or other generally circulated periodical published in this state. The department may publish such notices at intervals to locate owners of accounts received under ORS 98.352 (4) in an expedient manner, but shall complete publication of all such accounts within one year of remittance.
(2) The department is not required to publish in such notice any item of less than $100 unless the department deems such publication to be in the public interest.
(3) This section is not applicable to sums payable on traveler’s checks or money orders presumed abandoned under ORS 98.309.
(4) The department shall undertake reasonable efforts to locate owners of unclaimed property reported to the department under ORS 98.352. The costs of such efforts may be deducted from the proceeds that are paid to the owners when and if an owner is located. The department shall specify, by rule, a maximum percentage of costs that may be deducted from a verified claim for unclaimed property.
(5) The Department of State Lands may not disclose to the general public any confidential information provided by the Department of Revenue from taxpayer returns. [1957 c.670 §14; 1967 c.357 §3; 1983 c.716 §10; 1989 c.183 §1; 1993 c.694 §8; 1997 c.134 §1; 2003 c.253 §5]
Note: The amendments to 98.356 by section 13, 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.
(1) The State Treasurer shall publish notice of owners’ unclaimed accounts reported under ORS 98.352. The notice shall be published at least twice in a newspaper or other generally circulated periodical published in this state. The State Treasurer may publish such notices at intervals to locate owners of accounts received under ORS 98.352 (4) in an expedient manner, but shall complete publication of all such accounts within one year of remittance.
(2) The State Treasurer is not required to publish in such notice any item of less than $100 unless the State Treasurer deems such publication to be in the public interest.
(3) This section is not applicable to sums payable on traveler’s checks or money orders presumed abandoned under ORS 98.309.
(4) The State Treasurer shall undertake reasonable efforts to locate owners of unclaimed property reported under ORS 98.352. The costs of such efforts may be deducted from the proceeds that are paid to the owners when and if an owner is located. The State Treasurer shall specify, by rule, a maximum percentage of costs that may be deducted from a verified claim for unclaimed property.
(5) The State Treasurer may not disclose to the general public any confidential information provided by the Department of Revenue from taxpayer returns.
