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Business seminars to explain unclaimed property reporting

June 4, 2012

NEWS RELEASE – for immediate release                                                                   12-13

More information:  Carolyn Harris – 503-986-5290; carolyn.harris@state.or.us
                            Julie Curtis – 503-986-5298; julie.curtis@state.or.us​​ 
 Free training features step-by-step instructions for filing
Bend – Local businesses and organizations are invited to learn more about reporting unclaimed property to the state at a half-day seminar scheduled in Bend. The seminars are free, but preregistration is required. 

The seminars will be held:  ​

June 14
8:30 a.m. – Noon
Deschutes County Building 
DeArmond Room 
1300 NW Wall Street 

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.  

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 a seminar on June 14 at the Deschutes County Building, DeArmond Room, 1300 NW Wall Street, Bend, The free seminar is from 8:30 a.m. to Noon. Preregistration required: 
www.oregonstatelands.us​ or call 503-986-5290. Participants will receive step-by-step instructions for filing and other resources.