1. (1) After October 1, the State Treasurer may refuse payment of the unpresented checks or orders included in the report referred to in ORS 293.450. The State Treasurer shall:

   1. (a) Transfer and credit the amounts of the unpresented checks or orders dedicated for general funding to the General Fund.
   2. (b) Transfer all other funds to the Unclaimed Property and Estates Fund.
   3. (c) Transfer and credit the amounts of the unpresented checks issued under ORS chapters 316 and 317 to the Unclaimed Property and Estates Fund.
2. (2) In each instance, the State Treasurer shall issue an official receipt for the amount so transferred or credited.

[Formerly 291.512; 1967 c.454 §64; 1981 c.188 §1; 1993 c.694 §31; 1995 c.340 §1; 1997 c.86 §§3,4; 2019 c.678 §62; 2021 c.424 §17]