Business seminar set on unclaimed property reporting

Area businesses and organizations are invited by the Oregon Department of State Lands to learn more about reporting unclaimed property to the state at a half-day seminar scheduled next week in Bend.

Unclaimed property is lost financial assets such as uncashed payroll checks and abandoned financial accounts that a business or organization holds for an unreachable party.

The seminar is free, but preregistration is required.

The seminar will be held:

Thursday, June 18
8:30 a.m. to Noon
Deschutes County Building
1300 NW Wall St., DeArmond Room
Bend

New reporting tools and information will be shared with seminar attendees this year.

Get more information and register online: http://www.oregon.gov/dsl/UP/Pages/upseminars_schedule.aspx , or by calling seminar coordinator Carolyn Harris: 503-986-5290 .

State law requires all businesses and organizations to remit unclaimed property to the Department of State Lands, which houses the state’s unclaimed property program. All unclaimed funds are held in trust forever for the rightful owner in the Common School Fund, a trust fund whose earnings are sent twice yearly to Oregon’s 197 public school districts.