Prior to 2010, abandoned client funds in a lawyer's trust account were turned over to the Department of State Lands (DSL). But amendments to the Uniform Disposition of Unclaimed Property Act (ORS 98.302 to 98.436) enacted by the 2009 Legislature changed how this money is appropriated and disbursed.
Effective January 1, 2010, unclaimed funds held in lawyer trust accounts must be reported to the Department of State Lands (DSL), but paid over to the Oregon State Bar with a copy of the DSL reports.
Effective July 1, 2021 per Senate Bill 454, Oregon’s Unclaimed Property and Estate Administration are now under the authority of the Oregon State Treasury. The funds held in lawyer trust accounts must be reported to Oregon State Treasury, but paid over to the Oregon State Bar.
The Oregon State Bar and the Oregon Department of Treasury would like to ask lawyers not to use the online or manual report. Together the OSB and OST are working on a different reporting system that will benefit lawyers and claimants. While working on that, we ask that you please use the fillable form called Lawyer Trust Account. If you need more information, it is available at Reporting Lawyer Trust Accounts. Oregon State Bar cannot accept funds from other states. If you have a last known address that is for another state, you must report and send to that state's unclaimed property program. Reference https://unclaimed.org to locate and directly link to the state's property you are holding.
Remit Form and Payment to:
c/o J'Nell Adams
PO Box 231935
Tigard, OR 9728