Oregon § 98.992 Penalty for failure to report, pay or deliver property under ORS 98.302 to 98.436

Oregon Statutes

§ 98.992 — Penalty for failure to report, pay or deliver property under ORS 98.302 to 98.436

Oregon § 98.992

Vol.3

Title 10Property Rights and Transactions

Ch. 98Lost, Unclaimed or Abandoned Property; Vehicle Towing

This text of Oregon § 98.992 (Penalty for failure to report, pay or deliver property under ORS 98.302 to 98.436) 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. § 98.992 (2026).

Text

A person who willfully fails to render any report, to pay or deliver property or to perform other duties required by ORS 98.302 to 98.436 and 98.992 may be required to forfeit and pay to the State Treasurer to be deposited in the Unclaimed Property and Estates Fund, an amount determined by the State Treasurer pursuant to ORS 183.745 of not more than $1,000 for individuals and $50,000 for corporations. This penalty shall be assessed only after at least one reporting cycle, and only after the State Treasurer has provided the person with written instructions, including copies of applicable laws and policies. The State Treasurer may waive any penalty due under this section with appropriate justification.

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

A person who willfully fails to render any report, to pay or deliver property or to perform other duties required by ORS 98.302 to 98.436 and 98.992 may be required to forfeit and pay to the State Treasurer to be deposited in the Unclaimed Property and Estates Fund, an amount determined by the State Treasurer pursuant to ORS 183.745 of not more than $1,000 for individuals and $50,000 for corporations. This penalty shall be assessed only after at least one reporting cycle, and only after the State Treasurer has provided the person with written instructions, including copies of applicable laws and policies. The State Treasurer may waive any penalty due under this section with appropriate justification.