72nd OREGON LEGISLATIVE ASSEMBLY--2003 Regular Session
 
NOTE:  Matter within  { +  braces and plus signs + } in an
amended section is new. Matter within  { -  braces and minus
signs - } is existing law to be omitted. New sections are within
 { +  braces and plus signs + } .
 
LC 481
 
                         Senate Bill 133
 
Printed pursuant to Senate Interim Rule 213.28 by order of the
  President of the Senate in conformance with presession filing
  rules, indicating neither advocacy nor opposition on the part
  of the President (at the request of Secretary of State Bill
  Bradbury)
 
 
                             SUMMARY
 
The following summary is not prepared by the sponsors of the
measure and is not a part of the body thereof subject to
consideration by the Legislative Assembly. It is an editor's
brief statement of the essential features of the measure as
introduced.
 
  Eliminates statutory references to Corporation Division of
Office of Secretary of State.
 
                        A BILL FOR AN ACT
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. + }
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