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Senate updates unclaimed-property rules to cover digital assets and streamline estate sales
Summary
Senate Bill 146 clarifies how unclaimed property and digital assets are handled when estates revert to the state, adds digital-assets definitions and procedures, and permits the state treasurer to decline or direct liquidation of certain digital holdings.
The Oregon Senate unanimously passed Senate Bill 146 on third reading, approving changes to how unclaimed property and estate assets revert to the state treasurer and adding specific language for digital assets such as cryptocurrency.
The bill requires personal representatives to make a good-faith effort to liquidate property before it reverts to the state and permits a court to authorize sale if an heir cannot be found within 30 days of judgment. It defines "digital assets" and treats them as intangible property; digital assets are deemed…
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