Reporting Safe Keeping - Oregon



Reporting SafekeepingORS 98.328 requires that all property held in a safe deposit box or other safekeeping repository be reported to the Department of State Lands if it remains unclaimed two years from the rental expiration period.Affected holders must prepare a report listing the safe deposit boxes to be reported and a detailed listing of the contents. This report should be separate from the general report. The original report must be mailed in a separate envelope to the Reports Coordinator by November 1. The contents are held until January of the following year.Handling the ContentsContents must be inventoried. Use general descriptions for inventory contents.The contents of the safe deposit box must be sent intact. Do not deposit any cash or coins. Properly handle unsafe or hazardous materials (OAR 141-045-0010).Shipping the ContentsMail contents in January, by certified mail, return receipt requested. Label the packages “To Be Delivered Unopened”. Include in each package a packing slip that identifies the individual owners’ boxes inside the package. Include documentation for any boxes that were returned to the owner prior to shipping the contents. Ship to: Department of State Lands775 Summer St. NE, Suite 100Salem, OR 97301-1279The outside of each package must be clearly marked with the name and address of the bank, the branch (if applicable), and name and phone number of the contact person. ................
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