ORS § 98.311

Current through 2024 Regular Session legislation

Section 98.311 - Service charge on unclaimed property

Notwithstanding the provisions in ORS 98.308, a holder may not deduct a service charge or fee or otherwise reduce an owner's unclaimed account unless:

(1) There is a valid written contract between the holder and the owner that allows the holder to impose a charge;

(2) The service charge or fee is imposed uniformly on all accounts; and

(3) Three months' written notice is given by first class mail to the last-known address of all owners before the charge or fee is levied.

ORS 98.311

1993 c.694 §45; 2007 c. 539, § 2