75th OREGON LEGISLATIVE ASSEMBLY--2009 Regular Session
 
SA to SB 687
 
LC 3450/SB 687-3
 
                      SENATE AMENDMENTS TO
                         SENATE BILL 687
 
                    By COMMITTEE ON JUDICIARY
 
                              May 1
 
  On page 1 of the printed bill, line 2, delete '98.396' and
insert '98.392'.
  After line 12, insert:
  ' (c) Funds in lawyer trust accounts shall only be reported to
the department.'.
  On page 2, delete lines 29 through 34 and insert:
  ' (2) Any amounts identified as lawyer trust account funds in
the report required by ORS 98.352 shall be paid or delivered by
the person holding the amounts to the Oregon State Bar along with
a copy of the report. All amounts paid or delivered to the Oregon
State Bar under this section are continuously appropriated to the
Oregon State Bar, and may be used only for the funding of legal
services provided through the Legal Services Program established
under ORS 9.572, the payment of claims allowed under ORS 98.392
(2) and the payment of expenses incurred by the Oregon State Bar
in the administration of the Legal Services Program.'.
  Delete lines 41 through 45 and insert:
  '  { +  SECTION 3. + } ORS 98.392 is amended to read:
  ' 98.392.  { + (1) + } A person claiming an interest in
unclaimed property reported to the Department of State Lands may
file a claim to the property or to the proceeds from the sale of
the property at any time after the person learns that the
property has been reported to the department. Claims shall be
filed on the form prescribed by the department. The department
may require the person to provide a lost instrument bond if the
claim is for securities and the person does not surrender the
original certificate to the department.
  '  { +  (2) If a claim is filed under this section for amounts
identified as lawyer trust account funds in the report required
by ORS 98.352, the department shall forward the claim to the
Oregon State Bar for review and for payment by the Oregon State
Bar if the claim is allowed. The department and the Oregon State
Bar shall adopt rules for the administration of claims subject to
this subsection. + } ' .
  On page 3, delete lines 1 through 11.
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