ORS § 98.372

Current through 2024 Regular Session legislation effective April 4, 2024
Section 98.372 - Income accruing on unclaimed property after delivery to State Treasurer
(1) The owner is not entitled to receive income or other increments that have accrued on the property after the property is sold by the State Treasurer under ORS 98.382.
(2) The State Treasurer shall credit an owner with any distribution, as defined in ORS 98.322, or any other discrete income generated by the property, that accrues between the date the property is paid or delivered to the State Treasurer and the date the property is sold under ORS 98.382.
(3) Any distribution or income received by the State Treasurer under subsection (2) of this section may be deposited under ORS 98.386. The State Treasurer is not obligated to reinvest any distribution or income into the corpus of the unsold property.

ORS 98.372

Amended by 2023 Ch. 238,§ 6, eff. 1/1/2024.
Amended by 2019 Ch. 678, § 16, eff. 9/29/2019, op. 7/1/2021.
1957 c.670 §17; 1983 c.716 §13; 1993 c.694 §11