In accordance with the Uniform Disposition of Unclaimed Property Act of l957 (ORS 98.302–98.436) the Department must:
- (1) Identify each account which has been “unclaimed” and abandoned two years from the date Department custody was terminated.
- (2) Every year from June 30 until November 1, unclaimed Trust Account balances will be cleared and disbursed to the Department of State Lands.
- (3) If the notice is returned because the child or young adult has moved leaving no forwarding address or the 30 days has elapsed without a response, the Department must resolve the balance by sending the balance to the Department of State Lands.
Statutory/Other Authority
ORS 416.820, ORS 418.032, ORS 419B.400 - 419B.406 & ORS 409.050
Statutes/Other Implemented
ORS 416.820, ORS 418.032 & ORS 419B.400 - 419B.406
History
CWP 6-2022, amend filed 03/28/2022, effective 04/01/2022
CWP 22-2021, temporary amend filed 10/04/2021, effective 10/04/2021 through 04/01/2022
SCF 6-1995, f. 12-22-95, cert. ef. 12-29-95