June 11, 2012 12-15
For immediate release
Business seminars to explain unclaimed property reporting
Free training features step-by-step instructions for filing
Medford – Local businesses and organizations are invited to learn more about reporting unclaimed property to the state at a half-day seminar scheduled in Medford. The seminars are free, but preregistration is required.
The seminar will be held:
8:30 – Noon
Jackson County Community Justice Department
2nd Floor Conference Room
1101 W Main 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 19 at the Jackson County Community Justice Department, 2nd Floor Conference Room, 1101 W. Main St., Medford. 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.