Oregon Code § 273.107·Enacted ·Last updated March 01, 2026
Statute Text
Legacy
Unclaimed Property School Fund.
(1) There is established the Legacy Unclaimed Property School Fund within the
Common School Fund.
(2) The Legacy
Unclaimed Property School Fund consists of moneys transferred to the fund under
section 7, chapter 424, Oregon Laws 2021.
(3) Interest
earned by the fund is credited to the Common School Fund.
(4) Moneys in the
Legacy Unclaimed Property School Fund are continuously appropriated to the
Department of State Lands for the departments costs of administering the fund.
(5) The
department shall transfer moneys from the Legacy Unclaimed Property School Fund
to the Common School Fund as required under ORS 116.253 (1) and Article VIII,
section 2 (1)(b), of the Oregon Constitution.
(6) The
department may transfer moneys from the fund to the Unclaimed Property and
Estates Fund to cover valid claims against the Unclaimed Property and Estates
Fund only if:
(a) After
transferring all available moneys to the Unclaimed Property and Estates Fund
from the Unclaimed Property School Fund under ORS 273.108 (5), there are
insufficient moneys available to cover the claim; and
(b) The claim is
against moneys that were transferred to the Legacy Unclaimed Property School
Fund under section 7, chapter 424, Oregon Laws 2021. [2021 c.424 §4]
Plain English Explanation
This Oregon statute addresses Legacy
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 273.107
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Legacy
. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 273.107. Use this format in legal documents and court filings.
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