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OR SB146
Bill
AI Summary
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Personal representatives must use best efforts to sell or liquidate escheated property before delivering to the State Treasurer; property with insubstantial commercial value must be destroyed rather than delivered
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Digital assets (cryptocurrency and similar blockchain-based assets) are now included in Oregon's unclaimed property laws and presumed abandoned after 3 years of no owner contact
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Holders of abandoned digital assets must deliver them in native form to the State Treasurer within 30 days of filing a report, or liquidate them if directed; owners cannot recover gains in value occurring after liquidation
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State Treasurer receives expanded authority to sell escheated real property through any reasonable commercial method and deposit proceeds into the Unclaimed Property and Estates Fund
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"Owner contact" is newly defined to include logging into accounts, responding to holder outreach, or taking actions demonstrating knowledge of property existence; automated recurring transactions do not qualify
Legislative Description
Relating to trust property.
Last Action
Effective date, January 1, 2026.
7/2/2025