Oregon Statutes 98.392 – Claiming unclaimed property; lawyer trust account funds; rules
(1) A person claiming an interest in unclaimed property reported under ORS § 98.352 may file a claim to the property or to the proceeds from the sale of the property at any time after the property has been reported. Claims shall be filed on the form prescribed by the State Treasurer. The State Treasurer may require the person to provide a lost instrument bond if the claim is for securities and the person does not surrender the original certificate to the State Treasurer.
Terms Used In Oregon Statutes 98.392
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
- Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
(2) If a claim is filed under this section for amounts identified as lawyer trust account funds in the report required by ORS § 98.352, the State Treasurer shall forward the claim to the Oregon State Bar for review and for payment by the Oregon State Bar if the claim is allowed. The State Treasurer and the Oregon State Bar shall adopt rules for the administration of claims subject to this subsection. [1957 c.670 § 21; 1977 c.609 § 1; 1983 c.716 § 18; 1991 c.213 § 1; 1993 c.694 § 17; 1997 c.85 § 1; 2009 c.462 § 3; 2019 c.678 § 22]