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Reporting Safekeeping

ORS 98.328 requires that all property held in a safe deposit box or other safekeeping repository be reported to the Department of State Lands if it remains unclaimed two years from the rental expiration period.

Affected holders must prepare a report listing the safe deposit boxes to be reported and a detailed listing of the contents. This report should be separate from the general report. The original report must be mailed in a separate envelope to the Reports Coordinator by November 1. The contents are held until January of the following year.

Handling the contents

  • Contents must be inventoried. Use general descriptions for inventory contents.
  • The contents of the safe deposit box must be sent intact. Do not deposit any cash or coins. 
  • Properly handle unsafe or hazardous materials (OAR 141-045-0010).

Shipping the contents

  • Mail contents in January, by certified mail, return receipt requested. 
  • Label the packages “To Be Delivered Unopened”. 
  • Include in each package a packing slip that identifies the individual owners’ boxes inside the package. Include documentation for any boxes that were returned to the owner prior to shipping the contents. 
  • Ship to:
    Department of State Lands
    775 Summer St. NE, Suite 100
    Salem, OR 97301-1279
  • The outside of each package must be clearly marked with the name and address of the bank, the branch (if applicable), and name and phone number of the contact person.

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