OAR 416-260-0070: Unclaimed Special Account Balances
Edition: Current OARD snapshotEffective: 2022-12-14Last verified: 2026-09-07
(1) OYA must identify special account balances which are unclaimed and abandoned two years from the date OYA's custody terminated, in accordance with the Uniform Disposition of Unclaimed Property Act. (2) OYA must diligently attempt to locate youth in custody who have special account balances of at least $100. (a) OYA must, at a minimum, send a letter to the youth in custody's last known address stating there is a trust account balance with OYA and the youth in custody has 30 days from the date of the notice to claim the account. (b) If the notice is returned because the youth in custody moved without a forwarding address, or the 30 days elapses without a response, OYA must forward the special account balance to the Division of State Lands in accordance with that agency's administrative rules. (3) OYA must forward special accounts with balances less than $100 to the Division of State Lands in accordance with that agency's administrative rules.
Official history and status
Statutory/Other Authority: ORS 420A.025
Statutes/Other Implemented: ORS 420A.030, 420A.032 & 420A.035
History: OYA 15-2022, amend filed 12/13/2022, effective 12/14/2022 OYA 2-2015, f. & cert. ef. 2-19-15 OYA 5-2001, f. & cert. ef. 4-20-01
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Official source: https://secure.sos.state.or.us/oard/