May 8, 2012
For immediate release 12-11
More information: Carolyn Harris – 503-986-5290; email@example.com
Julie Curtis – 503-986-5298; firstname.lastname@example.org
Business seminars to explain unclaimed property reporting
Free training features step-by-step instructions for filing
Salem – Local 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. The seminars are free, but preregistration is required.
The seminars will be held:
May 18 and 30; July 18; Aug. 8; Sept. 5
8:30 a.m. to Noon
State Lands Building
Land Board Room
775 Summer St. NE, Salem
More information, including registration, is available on the DSL website, or by calling seminar coordinator Carolyn Harris: 503-986-5290.
“Unclaimed property is anything from uncashed payroll checks to abandoned financial accounts that a business or organization holds for an unreachable party,” said Pat Tate, unclaimed property manager in the Department of State Lands (DSL). “People mistakenly think unclaimed property is land or buildings, especially since we’re part of the Department of State Lands,” he said.
State law requires all businesses and organizations to remit unclaimed property to DSL, where it is held in trust forever for the rightful owner. The funds are held in the Common School Fund, a trust fund whose earnings are sent twice yearly to Oregon’s 197 public school districts.