June 12, 2014
For immediate release 14-13
Business seminar to explain unclaimed property reporting
Free training features step-by-step instructions for filing
Medford – Area businesses and organizations are invited to learn more about reporting unclaimed property to the state at a half-day seminar scheduled in Medford.
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 session is free, but preregistration is required.
The seminar will be held:
8:30 am - Noon
Jackson County Community Justice
2nd Floor Conference Room
1101 W. Main St., Medford
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 Seminar: To help businesses and organizations file unclaimed property reports, the Department of State Lands will present a seminar on June 25 at the Jackson County Community Justice 2nd Floor Conference Room, 1101 W. Main St., Medford. The free seminar is from 8:30 a.m. to 12:00 p.m.
Preregistration required: http://www.oregon.gov/dsl/UP/Pages/upseminars_schedule.aspx or call 503-986-5290. Participants will receive step-by-step instructions for filing and other resources.