Oregon Code § 98.338·Enacted ·Last updated March 01, 2026
Statute Text
Credit
memo unclaimed by owner.
(1) A credit memo issued in the ordinary course of an issuers business which
remains unclaimed by the owner for more than three years after becoming payable
or distributable is presumed abandoned.
(2) For a credit
memo presumed abandoned under subsection (1) of this section, the amount
presumed abandoned is the amount credited to the recipient of the memo. [1983
c.716 §33; 1997 c.416 §2; 2001 c.302 §6]
Plain English Explanation
This Oregon statute addresses Credit
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 98.338
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Credit
. 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 § 98.338. Use this format in legal documents and court filings.
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