Oregon Code § 711.590·Enacted ·Last updated March 01, 2026
Statute Text
Disposition of unclaimed deposits; interest.
(1) Two years after the date of the final order
closing the liquidation of an institution, the Director of the Department of
Consumer and Business Services may withdraw any unclaimed deposits or balances
remaining to the credit of dividend accounts, representing the aggregate of
undelivered checks or unpaid dividend funds in the possession of the Department
of Consumer and Business Services, and report and pay the funds to the State
Treasurer as unclaimed property under ORS 98.352.
(2) The interest
earned on the dividend accounts while they remain in the possession of the
director shall be paid to the State Treasurer to be credited to the Consumer
and Business Services Fund and no person entitled to the accounts has any claim
to the interest. [Amended by 1959 c.138 §4; 1973 c.797 §288; 1993 c.694 §37;
2019 c.678 §74; 2021 c.424 §22]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 711.590
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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