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Holder Information (Oregon Unclaimed Property) (Visit this siteExternal Link to Holder Information (Oregon Unclaimed Property))

Follow the link for complete information. The following is a summary:

A holder is any person or entity in possession of property belonging to another. In Oregon, holders report unclaimed property to the Department of State Lands annually.

In accordance with individual state laws, property becomes abandoned or unclaimed if the owner cannot be contacted by the holder of the asset within a specified period of time, generally five years.

The following unclaimed property falls under different dormancy periods:

1 Year:

  • Utility Deposits

    2 Years

  • Proceeds of dissolved corporations (including employee benefits)
  • Tangible property in safekeeping depositories
  • Intangible property held by courts or governmental or public authorities
  • Tangible property held by courts or governmental or public authorities not covered-under another statute

    3 Years:

  • Unclaimed Payroll check
  • Unclaimed checks issued from a general disbursement account
  • Credit memos and/or accounts receivable credit balances and refunds
  • Other intangible property not specifically covered by another existing statute

    5 Years:

  • Savings and checking accounts (all types)
  • Stocks and proceeds

    7 Years

  • Money orders

    15 Years

  • Travelerīs checks

    Hits: 6
    Added: Sat Jun 17 2006
    Last Modified: Mon Jul 10 2006

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