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ORS 98.396

Known as the Uniform Disposition of Unclaimed Property Act

The act spans §§ 98–98 (135 sections).

1957 c.670 §22; 1983 c.716 §19; 1989 c.183 §3; 1993 c.694 §18; 2019 c.678 §23; 2021 c.424 §12

(1) The State Treasurer shall consider any claim filed under ORS 98.392 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 Unclaimed Property and Estates Fund, 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.

Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.