June 10, 2013
For immediate release
Business seminars to explain unclaimed property reporting
Free training features step-by-step instructions for filing
Springfield – Local businesses and organizations are invited to learn more about reporting unclaimed property to the state at half-day seminars scheduled in Springfield this spring and summer. The sessions are free, but preregistration is required.
The seminar will be held:
8:30 am – Noon and 1:30 – 5:00 pm
Springfield Public Library
225 Fifth Street
Unclaimed property is lost financial assets such as uncashed payroll checks and abandoned financial accounts that a business or organization holds for an unreachable party.
State law requires all businesses and organizations to remit unclaimed property to the Department of State Lands, which houses the state’s unclaimed property program. All unclaimed funds are held in trust forever for the rightful owner in the Common School Fund, a trust fund whose earnings are sent twice yearly to Oregon’s 197 public school districts.
For calendars of events or announcements:
Unclaimed Property Reporting Seminars: To help businesses and organizations file unclaimed property reports, the Department of State Lands will present half-day seminars on June 26 at the Springfield Public Library, 225 Fifth Street. The free seminars are from 8:30 a.m. to 12:00 p.m. and 1:30 – 5:00 p.m.