Oregon Statutes 98.311 – Service charge on unclaimed property
Current as of: 2023 | Check for updates
|
Other versions
Notwithstanding the provisions in ORS § 98.308, a holder may not deduct a service charge or fee or otherwise reduce an owner’s unclaimed account unless:
Terms Used In Oregon Statutes 98.311
- Contract: A legal written agreement that becomes binding when signed.
(1) There is a valid written contract between the holder and the owner that allows the holder to impose a charge;
(2) The service charge or fee is imposed uniformly on all accounts; and
(3) Three months’ written notice is given by first class mail to the last-known address of all owners before the charge or fee is levied. [1993 c.694 § 45; 2007 c.539 § 2]
[1957 c.670 § 5; repealed by 1983 c.716 § 26]