May 28, 2014
For immediate release 14-10
Business seminars to explain unclaimed property reporting
Free training features step-by-step instructions for filing
Salem – Area businesses and organizations are invited to learn more about reporting unclaimed property to the state at half-day seminars scheduled in Salem this spring and summer.
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.
The seminars are free, but preregistration is required.
The seminars will be held:
June 11, July 15, July 24, and August 6
8:30 a.m. to Noon
State Lands Building
Land Board Room
775 Summer St. NE, Salem
New reporting tools and information will be shared with seminar attendees this year.
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 seminars on June 11, July 15, July 24, and August 6 at the State Lands Building, 775 Summer St. NE in Salem. The free seminar is from 8:30 a.m. to 12:00 p.m.