ORS 98.372: Income accruing on unclaimed property after delivery to State Treasurer.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
(1) The owner is not entitled to receive income or other increments that have accrued on the property after the property is sold by the State Treasurer under ORS 98.382. (2) The State Treasurer shall credit an owner with any distribution, as defined in ORS 98.322, or any other discrete income generated by the property, that accrues between the date the property is paid or delivered to the State Treasurer and the date the property is sold under ORS 98.382. (3) Any distribution or income received by the State Treasurer under subsection (2) of this section may be deposited under ORS 98.386. The State Treasurer is not obligated to reinvest any distribution or income into the corpus of the unsold property. [1957 c.670 §17; 1983 c.716 §13; 1993 c.694 §11; 2019 c.678 §16; 2023 c.238 §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
This rule cites
- ORS 98.382 — resolved
- ORS 98.322 — resolved
- ORS 98.386 — resolved
Cited by
No inbound citations found.
Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors098.html