ORS 98.362¹
Delivery of certificate of ownership of intangible equity ownership interest

(1) The holder of an intangible equity ownership interest presumed abandoned under ORS 98.322 (Intangible equity ownership interests in business associations) shall deliver a certificate of ownership or other evidence of ownership to the Department of State Lands as follows:

(a) The original certificate shall be delivered to the department when it is held by the business association, transfer agent, registrar or other person acting on behalf of the business association.

(b) A duplicate certificate shall be issued to the department when the business association, transfer agent, registrar or other person acting on behalf of the holder does not hold the original.

(2) After issuance of a duplicate certificate under subsection (1) of this section, the rights of a protected purchaser of the original certificate shall be governed by ORS 78.4050 (Replacement of lost, destroyed or wrongfully taken security certificate). In such event, recovery by the protected purchaser shall be against the department to the extent allowed under the Oregon Constitution. [1957 c.670 §15; 1967 c.357 §4; 1983 c.716 §11; 1985 c.403 §2; 1993 c.694 §9; 1995 c.328 §70]

Atty. Gen. Opinions

Necessity of probate if abandoned prop­erty is claimed by heirs, (1972) Vol 35, p 1177

1 Legislative Counsel Committee, CHAPTER 98—Lost, Unordered and Unclaimed Property; Unlawfully Parked Vehicles, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­098.­html (2007) (last ac­cessed Feb. 12, 2009).
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2007, Chapter 98, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­098ano.­htm (2007) (last ac­cessed Feb. 12, 2009).
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.
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