ORS 98.338: Credit memo unclaimed by owner.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
(1) A credit memo issued in the ordinary course of an issuer’s business which remains unclaimed by the owner for more than three years after becoming payable or distributable is presumed abandoned. (2) For a credit memo presumed abandoned under subsection (1) of this section, the amount presumed abandoned is the amount credited to the recipient of the memo. [1983 c.716 §33; 1997 c.416 §2; 2001 c.302 §6]
Administrative rules citing this section
- OAR 170-145-0005: Definitions — implements
- OAR 170-145-0005: Definitions — authority
- OAR 170-145-0010: Determining When Holders Must Report Property — implements
- OAR 170-145-0045: Records Maintenance, Retention, and Disclosure — implements
- OAR 170-145-0100: Voluntary Disclosure Program — implements
- OAR 170-145-0100: Voluntary Disclosure Program — authority
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Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors098.html