Chapter 7 Oregon Laws 2003

AN ACT

SB 133

Relating to the Secretary of State; creating new provisions; and amending ORS 56.180 and 98.353.

Be It Enacted by the People of the State of Oregon:

SECTION 1. ORS 56.180 is amended to read:

56.180. (1) A Business Registration Information Center is established within the [Corporation Division of the] Office of the Secretary of State.

(2) The primary [function] functions of the center [is] are:

(a) [As soon as practicable after September 10, 1993,] To develop a system within the center by which accurate and easily understandable information with respect to the business registration requirements of participating state agencies may be made available to persons undertaking a new business or operating an existing business; and

(b) [No later than July 1, 1994,] To advertise and make the information available to all persons who request the information.

SECTION 2. ORS 98.353 is amended to read:

98.353. (1) The Division of State Lands shall, on a regular basis, provide educational or informational materials to persons required to file a report under ORS 98.352. The educational or informational materials shall contain, but shall not be limited to, information describing:

(a) The types of property, tangible and intangible, that are subject to reporting;

(b) Persons who typically hold, knowingly or unknowingly, unclaimed property;

(c) Record keeping requirements for persons holding unclaimed property; and

(d) Any penalties for failing to comply with the provisions of ORS 98.302 to 98.436.

(2) Upon request by the Division of State Lands, the Department of Revenue and the [Corporation Division of the] Office of the Secretary of State shall:

(a) Assist the Division of State Lands in determining which persons are required to file a report under ORS 98.352; and

(b) Allow the Division of State Lands to include information about unclaimed property reporting requirements in the regular mailings of the Department of Revenue.

SECTION 3. Any reference in uncodified law or resolution of the Legislative Assembly or in the rules of the Secretary of State to the Corporation Division shall be considered a reference to the Office of the Secretary of State.

Approved by the Governor February 27, 2003

Filed in the office of Secretary of State February 27, 2003

Effective date January 1, 2004

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