ORS 116.205 Delivery of escheated property to State Treasurer

A personal representative shall use best efforts to sell or otherwise liquidate any real or personal property, or portion thereof, that escheats pursuant to ORS 112.055, 116.193 or 116.203. If the personal representative is unable to sell or otherwise liquidate such property, the personal representative may retain such property in kind for delivery to the State Treasurer.

A personal representative shall not deliver to the State Treasurer any escheated personal property that has insubstantial commercial value, and instead, the personal representative shall destroy or otherwise dispose of such property.

To deliver escheated real property to the State Treasurer in kind, the personal representative shall execute a deed that complies with ORS 93.808 and 270.020 and record such deed with the county clerk in the county where the real property is located.