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Oregon Unclaimed Property Claims FAQs
Business Claim Criteria
 
Purpose:  Set standards for claims where the owner is a business entity.
 
Reference: ORS 98.392-396, OAR 141-040-0211 and 141-040-0212
 
When an authorized employee or officer is claiming on behalf of the business:
 
  1. The secretary of a corporation must provide an original statement designating an authorized corporate employee to represent the business.
  2. The authorized employee must
    1. Provide a notarized and signed inquiry and/or claim form(s)
    2. Present current photo identification either government or corporate OR personal identification (such as driver’s license).
    3. Provide proof of the business’ federal tax identification number or other business identification number.
    4. Provide sufficient evidence to establish rightful ownership. Evidence may include such documents as listed in OAR 141-040.
    5. Inactive or dissolved businesses please provide dissolution/closing documentation, such as: articles of dissolution, purchase/sale agreements, merger or bankruptcy documents.
 
When an agent is claiming on behalf of a business:
 
In addition to the criteria listed above, the agent must provide an original power of attorney or notarized document from the corporation’s designated employee authorizing the agent to represent the company in the claims process.  The authorization must include the name and address of the agent and direction for payment of any property determined to be due the company.  If payment is to made to the agent for the benefit of the business, the agent must also provide his/her federal tax identification number.
 
Agency staff will not discuss any claim or inquiry with an agent until the required authorization documents (as described above) are received.