Oregon § 116.203 Disposition of unclaimed assets

Oregon Statutes

§ 116.203 — Disposition of unclaimed assets

Oregon § 116.203

Vol.3

Title 12Probate Law

Ch. 116Accounting, Distribution and Closing

This text of Oregon § 116.203 (Disposition of unclaimed assets) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 116.203 (2026).

Text

If a personal representative cannot make payment or delivery of property in the personal representative’s possession to the distributee entitled thereto within 30 days after the date of entry of the judgment of distribution, either because the distributee refuses to accept the property or because the distributee cannot be found, the personal representative shall file a motion, with notice to the State Treasurer of the opportunity to object, to request that the court direct the personal representative to sell or liquidate the property and pay or deliver the property to the State Treasurer, in the manner provided in ORS 116.205, to be placed in the escheat funds of the state. The personal representative shall take the receipt of the State Treasurer stating from whom the property was received

Free access — add to your briefcase to read the full text and ask questions with AI

If a personal representative cannot make payment or delivery of property in the personal representative’s possession to the distributee entitled thereto within 30 days after the date of entry of the judgment of distribution, either because the distributee refuses to accept the property or because the distributee cannot be found, the personal representative shall file a motion, with notice to the State Treasurer of the opportunity to object, to request that the court direct the personal representative to sell or liquidate the property and pay or deliver the property to the State Treasurer, in the manner provided in ORS 116.205, to be placed in the escheat funds of the state. The personal representative shall take the receipt of the State Treasurer stating from whom the property was received, a description of the property and the name of the person entitled to the property. The person entitled thereto may apply for and recover the property in the manner provided for recovery of escheat funds.