Abandoned Property Dormancy Periods in Oregon
Business Finance
Each state has rules that specify the amount of time that must elapse before unclaimed property is considered to be abandoned. The amount of time varies with the type of property. The chart below specifies the time period for various classes of property.
| Property Type |
Presumed Abandoned After |
| Bank account |
five years |
| Checks or drafts |
five years |
| Demutualization proceeds |
no specific provision |
| Gift certificates, gift cards, and credit memos |
Credit memos: five years. |
| Insurance policies |
Life or annuity policies: five years
The presumed maturity of an insurance policy is two years. |
| IRAs or retirement funds |
no specific provision |
| Money orders |
seven years |
| Other intangible personal property not otherwise specified |
three years |
| Proceeds from class action suits |
no specific provision |
| Property distributable by a business association in the course of dissolution |
one year |
| Property held by courts or public agencies |
two years |
| Property held by fiduciaries |
two years |
| Safe deposit boxes |
two years |
| Shares in a financial institution |
five years |
| Stocks, dividends, and distributions |
five years |
| Traveler's checks |
15 years |
| Deposits and advances owed utility company customer |
Deposits, refunds and advances: one year. |
| Wages or salaries |
three years |
Related Resources
Abandoned Property Dormancy Periods in Pennsylvania
Abandoned Property Dormancy Periods in Oklahoma
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