Oregon Code § 98.992·Enacted ·Last updated March 01, 2026
Statute Text
Penalty
for failure to report, pay or deliver property under ORS 98.302 to 98.436.
A person who willfully fails to
render any report, to pay or deliver property or to perform other duties
required by ORS 98.302 to 98.436 and 98.992 may be required to forfeit and pay
to the State Treasurer to be deposited in the Unclaimed Property and Estates
Fund, an amount determined by the State Treasurer pursuant to ORS 183.745 of
not more than $1,000 for individuals and $50,000 for corporations. This penalty
shall be assessed only after at least one reporting cycle, and only after the
State Treasurer has provided the person with written instructions, including
copies of applicable laws and policies. The State Treasurer may waive any
penalty due under this section with appropriate justification. [1993 c.694 §25;
2019 c.678 §30; 2021 c.424 §13]
_______________
Plain English Explanation
This Oregon statute addresses Penalty
. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 98.992
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Penalty
. 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 § 98.992. Use this format in legal documents and court filings.
Browse related sections using the links below, or search all Oregon statutes on FlawFinder.