Leawood, Kan. – August 18, 2023: Last month, the Governor of Oregon signed and approved House Bill 2160 (“HB 2160”), and it was therefore adopted. As such, any proposed amendments that were contained within HB 2160 will become effective January 1, 2024. Among other things, HB 2160 reduced the abandonment period for unpaid wages payable by an employer other than a court or public agency from three years to one year. 2023 HB 2160 § 4(2). Additionally, it added a definition of wages. Specifically, HB 2160 states, “’wages’ means wages, commissions, bonuses, or reimbursements to which an employee is entitled as an owner, or other compensation for personal services, other than amounts held in a payroll card.” 2023 HB 2160 § 4(1).
It also amended the unclaimed property due diligence notice section to require notice to be sent no later than 60 days before the filing. 2023 HB 2160 § 7(5). Previously, no specific number of days was specified.
To read Oregon House Bill 2160, click here: Oregon House Bill 2160.
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