Oregon Law
Law as of Jan 1, 2026
Chapter contents
126.003[1973 c.823 §1; 1983 c.535 §1; 1987 c.690 §1; 1991 c.546 §3; repealed by 1995 c.664 §105] 126.005[Repealed by 1961 c.344 §109] 126.006[1961 c.344 §1; 1969 c.591 §224; repealed by 1973 c.823 §154] 126.007[1973 c.823 §2; 1987 c.690 §2; 1989 c.230 §1; repealed by 1995 c.664 §105] 126.010[Repealed by 1961 c.344 §109] 126.011[1961 c.344 §2; repealed by 1969 c.591 §305] 126.013[1973 c.823 §3; 1987 c.690 §8; repealed by 1995 c.664 §105] 126.015[1961 c.344 §3; repealed by 1973 c.823 §154] 126.017[1973 c.823 §4; repealed by 1995 c.664 §105] 126.020[1961 c.344 §4; repealed by 1973 c.823 §154] 126.025[1973 c.823 §5; 1981 c.175 §1; renumbered 126.700 in 1995] 126.030[1973 c.823 §6; 1981 c.872 §1; 1993 c.230 §1; renumbered 109.056 in 1995] 126.035[1973 c.823 §7; 1983 c.535 §2; repealed by 1995 c.664 §105] 126.040[1973 c.823 §8; repealed by 1995 c.664 §105] 126.045[1977 c.355 §1; repealed by 1995 c.664 §105] 126.050[1977 c.355 §2; 1991 c.895 §1; repealed by 1995 c.664 §105] 126.055[1977 c.355 §3; repealed by 1995 c.664 §105] 126.060[1973 c.823 §9; 1987 c.466 §1; repealed by 1995 c.664 §105] 126.065[1973 c.823 §10; repealed by 1995 c.664 §105] 126.070[1973 c.823 §11; 1987 c.466 §2; repealed by 1995 c.664 §105] 126.075[1973 c.823 §12; repealed by 1995 c.664 §105] 126.080[1973 c.823 §13; 1977 c.211 §3; repealed by 1995 c.664 §105] 126.085[1973 c.823 §14; repealed by 1995 c.664 §105] 126.090[1973 c.823 §15; repealed by 1995 c.664 §105] 126.095[1973 c.823 §16; repealed by 1995 c.664 §105] 126.098[1987 c.690 §7; 1991 c.895 §2; repealed by 1995 c.664 §105] 126.100[1973 c.823 §17; repealed by 1995 c.664 §105] 126.103[1973 c.823 §18; 1983 c.535 §3; 1987 c.690 §3; 1991 c.546 §4; 1991 c.895 §3; repealed by 1995 c.664 §105] 126.105[Repealed by 1961 c.344 §109] 126.106[1961 c.344 §5; 1969 c.591 §225; repealed by 1973 c.823 §154] 126.107[1973 c.823 §19; 1983 c.535 §4; 1987 c.690 §4; repealed by 1995 c.664 §105] 126.110[Repealed by 1961 c.344 §109] 126.111[1961 c.344 §6; 1969 c.591 §226; repealed by 1973 c.823 §154] 126.113[1973 c.823 §20; repealed by 1995 c.664 §105] 126.114[1983 c.535 §7; repealed by 1995 c.664 §105] 126.115[Repealed by 1961 c.344 §109] 126.116[1961 c.344 §7; repealed by 1973 c.823 §154] 126.117[1973 c.823 §21; repealed by 1995 c.664 §105] 126.120[Repealed by 1961 c.344 §109] 126.121[1961 c.344 §8; repealed by 1973 c.823 §154] 126.123[1973 c.823 §§22,23; repealed by 1995 c.664 §105] 126.125[Repealed by 1961 c.344 §109] 126.126[1961 c.344 §9; 1969 c.591 §227; repealed by 1973 c.823 §154] 126.127[1973 c.823 §24; 1987 c.690 §5; 1991 c.546 §2; 1991 c.895 §6; repealed by 1995 c.664 §105] 126.130[Repealed by 1961 c.344 §109] 126.131[1961 c.344 §10; 1969 c.591 §228; repealed by 1973 c.823 §154] 126.133[1973 c.823 §25; 1991 c.546 §1; repealed by 1995 c.664 §105] 126.135[Repealed by 1961 c.344 §109] 126.136[1961 c.344 §11; repealed by 1973 c.823 §154] 126.137[1973 c.823 §26; 1983 c.535 §5; 1991 c.895 §4; repealed by 1995 c.664 §105] 126.143[1973 c.823 §27; repealed by 1995 c.664 §105] 126.145[Repealed by 1961 c.344 §109] 126.146[1961 c.344 §13; 1969 c.591 §229; repealed by 1973 c.823 §154] 126.150[Repealed by 1961 c.344 §109] 126.151[1961 c.344 §14; 1969 c.591 §230; repealed by 1973 c.823 §154] 126.155[Amended by 1953 c.578 §2; repealed by 1961 c.344 §109] 126.156[1961 c.344 §15; repealed by 1973 c.823 §154] 126.157[1973 c.823 §28; 1979 c.744 §2; repealed by 1995 c.664 §105] 126.160[Repealed by 1961 c.344 §109] 126.161[1961 c.344 §16; repealed by 1973 c.823 §154] 126.163[1973 c.823 §29; repealed by 1995 c.664 §105] 126.165[Repealed by 1961 c.344 §109] 126.166[1961 c.344 §17; 1969 c.591 §231; repealed by 1973 c.823 §154] 126.167[1973 c.823 §30; repealed by 1995 c.664 §105] 126.170[Repealed by 1961 c.344 §109] 126.171[1961 c.344 §18; repealed by 1973 c.823 §154] 126.173[1973 c.823 §31; repealed by 1995 c.664 §105] 126.174[1969 c.591 §233; repealed by 1973 c.823 §154] 126.175[Repealed by 1961 c.344 §109] 126.176[1961 c.344 §9; repealed by 1969 c.591 §305] 126.177[1973 c.823 §32; repealed by 1995 c.664 §105] 126.180[Repealed by 1961 c.344 §109] 126.181[1961 c.344 §20; repealed by 1973 c.823 §154] 126.183[1973 c.823 §33; 1991 c.895 §5; repealed by 1995 c.664 §105] 126.185[Repealed by 1961 c.344 §109] 126.186[1961 c.344 §21; 1969 c.591 §234; repealed by 1973 c.823 §154] 126.187[1973 c.823 §34; 1989 c.230 §2; repealed by 1995 c.664 §105] 126.190[Repealed by 1961 c.344 §109] 126.193[1973 c.823 §35; 1989 c.230 §3; repealed by 1995 c.664 §105] 126.195[Repealed by 1961 c.344 §109] 126.197[1973 c.823 §36; 1979 c.744 §3; repealed by 1995 c.664 §105] 126.200[Repealed by 1961 c.344 §109] 126.203[1973 c.823 §37; repealed by 1995 c.664 §105] 126.205[1961 c.344 §22; repealed by 1973 c.823 §154] 126.207[1973 c.823 §38; repealed by 1995 c.664 §105] 126.210[1961 c.344 §23; repealed by 1973 c.823 §154] 126.213[1973 c.823 §39; repealed by 1995 c.664 §105] 126.215[1961 c.344 §24; repealed by 1973 c.823 §154] 126.217[1973 c.823 §40; repealed by 1995 c.664 §105] 126.220[1961 c.344 §25; repealed by 1973 c.823 §154] 126.223[1973 c.823 §41; repealed by 1995 c.664 §105] 126.225[1961 c.344 §26; repealed by 1973 c.823 §154] 126.227[1973 c.823 §42; repealed by 1995 c.664 §105] 126.229[1989 c.230 §8; repealed by 1995 c.664 §105] 126.230[1961 c.344 §27; 1969 c.591 §235; repealed by 1973 c.823 §154] 126.233[1973 c.823 §43; repealed by 1995 c.664 §105] 126.235[1961 c.344 §28; repealed by 1973 c.823 §154] 126.237[1973 c.823 §44; repealed by 1995 c.664 §105] 126.240[1961 c.344 §29; repealed by 1973 c.823 §154] 126.243[1973 c.823 §45; repealed by 1995 c.664 §105] 126.245[1961 c.344 §30; 1969 c.591 §236; 1971 c.743 §315; repealed by 1973 c.823 §154] 126.247[1973 c.823 §46; repealed by 1995 c.664 §105] 126.250[1961 c.344 §31; 1963 c.438 §1; 1965 c.402 §1; repealed by 1973 c.823 §154] 126.253[1973 c.823 §47; repealed by 1995 c.664 §105] 126.255[1961 c.344 §32; repealed by 1973 c.823 §154] 126.257[1973 c.823 §55; repealed by 1995 c.664 §105] 126.260[1961 c.344 §33; repealed by 1973 c.823 §154] 126.263[1973 c.823 §48; 1989 c.230 §4; repealed by 1995 c.664 §105] 126.265[1961 c.344 §34; 1969 c.591 §237; repealed by 1973 c.823 §154] 126.267[1973 c.823 §49; repealed by 1995 c.664 §105] 126.270[1961 c.344 §35; repealed by 1973 c.823 §154] 126.273[1973 c.823 §50; repealed by 1995 c.664 §105] 126.275[1961 c.344 §36; repealed by 1973 c.823 §154] 126.277[1973 c.823 §§51,52; 1987 c.586 §29; repealed by 1995 c.664 §105] 126.283[1973 c.823 §53; 1987 c.728 §1; 1989 c.230 §5; repealed by 1995 c.664 §105] 126.285[1961 c.344 §38; repealed by 1973 c.823 §154] 126.287[1973 c.823 §54; repealed by 1995 c.664 §105] 126.290[1961 c.344 §39; repealed by 1973 c.823 §154] 126.293[1973 c.823 §56; repealed by 1995 c.664 §105] 126.295[1961 c.344 §40; 1969 c.591 §238; repealed by 1973 c.823 §154] 126.297[1973 c.823 §57; repealed by 1995 c.664 §105] 126.300[1961 c.344 §41; repealed by 1969 c.591 §305] 126.303[1973 c.823 §58; 1981 c.906 §1; repealed by 1995 c.664 §105] 126.305[Repealed by 1961 c.344 §109] 126.306[1961 c.344 §42; repealed by 1973 c.823 §154] 126.307[1973 c.823 §59; repealed by 1995 c.664 §105] 126.310[Repealed by 1961 c.344 §109] 126.311[1961 c.344 §43; repealed by 1973 c.823 §154] 126.313[1973 c.823 §60; 1975 c.226 §1; 1977 c.211 §2; 1989 c.230 §6; repealed by 1995 c.664 §105] 126.315[Repealed by 1961 c.344 §109] 126.316[1961 c.344 §44; repealed by 1973 c.823 §154] 126.317[1973 c.823 §61; repealed by 1995 c.664 §105] 126.320[Amended by 1957 c.237 §1; repealed by 1961 c.344 §109] 126.321[1961 c.344 §45; repealed by 1973 c.823 §154] 126.323[1973 c.823 §62; repealed by 1995 c.664 §105] 126.325[Amended by 1953 c.102 §2; 1957 c.662 §2; repealed by 1961 c.344 §109] 126.326[1961 c.344 §46; repealed by 1973 c.823 §154] 126.327[1973 c.823 §63; repealed by 1995 c.664 §105] 126.330[Repealed by 1961 c.344 §109] 126.331[1961 c.344 §47; repealed by 1973 c.823 §154] 126.333[1973 c.823 §64; repealed by 1995 c.664 §105] 126.335[Repealed by 1961 c.344 §109] 126.336[1961 c.344 §48; 1965 c.402 §2; 1969 c.384 §1; repealed by 1973 c.823 §154] 126.337[1973 c.823 §65; 1975 c.245 §2; repealed by 1995 c.664 §105] 126.338[1965 c.402 §4; 1969 c.591 §239; 1969 c.597 §§16,277; repealed by 1973 c.823 §154] 126.340[Repealed by 1961 c.344 §109] 126.341[1961 c.344 §49; repealed by 1973 c.823 §154] 126.343[1973 c.823 §66; repealed by 1995 c.664 §105] 126.345[Repealed by 1961 c.344 §109] 126.346[1961 c.344 §50; 1965 c.402 §5; repealed by 1973 c.823 §154] 126.347[1973 c.823 §67; repealed by 1995 c.664 §105] 126.350[Repealed by 1961 c.344 §109] 126.351[1961 c.344 §51; repealed by 1973 c.823 §154] 126.353[1973 c.823 §§68,69,72; repealed by 1995 c.664 §105] 126.355[Repealed by 1961 c.344 §109] 126.357[1973 c.823 §§70,71; repealed by 1995 c.664 §105] 126.360[Repealed by 1961 c.344 §109] 126.363[1973 c.823 §73; repealed by 1995 c.664 §105] 126.365[Repealed by 1961 c.344 §109] 126.367[1973 c.823 §74; repealed by 1995 c.664 §105] 126.370[Repealed by 1961 c.344 §109] 126.373[1973 c.823 §75; repealed by 1995 c.664 §105] 126.377[1973 c.823 §76; repealed by 1995 c.664 §105] 126.383[1973 c.823 §77; repealed by 1995 c.664 §105] 126.387[1973 c.823 §78; repealed by 1995 c.664 §105] 126.393[1973 c.823 §79; 1981 c.175 §2; repealed by 1995 c.664 §105] 126.397[1973 c.823 §80; repealed by 1995 c.664 §105] 126.403[1973 c.823 §81; 1989 c.230 §9; 1991 c.67 §24; repealed by 1995 c.664 §105] 126.405[Amended by 1957 c.237 §2; repealed by 1961 c.344 §109] 126.406[1961 c.344 §52; 1969 c.591 §240; repealed by 1973 c.823 §154] 126.407[1973 c.823 §82; renumbered 127.005 in 1989] 126.410[Repealed by 1961 c.344 §109] 126.411[1961 c.344 §53; 1969 c.591 §241; repealed by 1973 c.823 §154] 126.413[1973 c.823 §83; renumbered 127.015 in 1989] 126.415[Amended by 1957 c.237 §3; repealed by 1961 c.344 §109] 126.416[1961 c.344 §54; 1969 c.591 §242; repealed by 1973 c.823 §154] 126.420[Amended by 1959 c.325 §1; repealed by 1961 c.344 §109] 126.421[1961 c.344 §55; repealed by 1973 c.823 §154] 126.425[Amended by 1959 c.325 §2; repealed by 1961 c.344 §109] 126.426[1961 c.344 §56; 1969 c.591 §243; repealed by 1973 c.823 §154] 126.430[Repealed by 1961 c.344 §109] 126.431[1961 c.344 §57; 1969 c.591 §244; repealed by 1973 c.823 §154] 126.435[Repealed by 1961 c.344 §109] 126.436[1961 c.344 §58; 1963 c.417 §1; 1969 c.591 §245; repealed by 1973 c.823 §154] 126.440[Repealed by 1961 c.344 §109] 126.441[1961 c.344 §59; 1969 c.591 §246; repealed by 1973 c.823 §154] 126.445[Repealed by 1959 c.325 §4] 126.446[1961 c.344 §60; repealed by 1969 c.591 §305] 126.450[Repealed by 1961 c.344 §109] 126.451[1961 c.344 §61; repealed by 1973 c.823 §154] 126.455[Repealed by 1961 c.344 §109] 126.456[1961 c.344 §62; 1969 c.591 §247; repealed by 1973 c.823 §154] 126.460[Repealed by 1961 c.344 §109] 126.461[1961 c.344 §63; 1969 c.591 §248; repealed by 1973 c.823 §154] 126.465[Repealed by 1961 c.344 §109] 126.466[1961 c.344 §64; repealed by 1973 c.823 §154] 126.470[Repealed by 1961 c.344 §109] 126.471[1961 c.344 §65; 1969 c.591 §249; repealed by 1973 c.823 §154] 126.475[Repealed by 1961 c.344 §109] 126.476[1961 c.344 §66; 1969 c.591 §250; repealed by 1973 c.823 §154] 126.480[Repealed by 1961 c.344 §109] 126.481[1961 c.344 §67; repealed by 1973 c.823 §154] 126.485[1961 c.344 §68; repealed by 1973 c.823 §154] 126.490[1961 c.344 §69; 1963 c.417 §2; 1969 c.591 §251; repealed by 1973 c.823 §154] 126.495[1961 c.344 §70; 1969 c.591 §252; repealed by 1973 c.823 §154] 126.505[Repealed by 1961 c.344 §109] 126.506[1961 c.344 §71; repealed by 1973 c.823 §154] 126.510[Repealed by 1961 c.344 §109] 126.511[1961 c.344 §72; repealed by 1973 c.823 §154] 126.515[Repealed by 1961 c.344 §109] 126.516[1961 c.344 §73; 1965 c.402 §6; repealed by 1973 c.823 §154] 126.520[1961 c.344 §74; repealed by 1973 c.823 §154] 126.525[1961 c.344 §75; 1965 c.402 §7; repealed by 1973 c.823 §154] 126.527[1965 c.402 §9; repealed by 1973 c.823 §154] 126.530[1961 c.344 §76; 1965 c.402 §10; repealed by 1973 c.823 §154] 126.535[1961 c.344 §77; repealed by 1973 c.823 §154] 126.540[1961 c.344 §78; 1969 c.591 §253; repealed by 1973 c.823 §154] 126.545[1961 c.344 §79; repealed by 1973 c.823 §154] 126.555[1961 c.344 §80; 1965 c.402 §11; 1969 c.591 §256; repealed by 1973 c.823 §154] 126.557[1969 c.591 §255; repealed by 1973 c.823 §154] 126.560[1961 c.344 §81; repealed by 1973 c.823 §154] 126.565[1961 c.344 §82; repealed by 1973 c.823 §154] 126.570[1969 c.591 §257; repealed by 1973 c.823 §154] 126.605[Amended by 1953 c.687 §5; repealed by 1961 c.344 §109] 126.606[1961 c.344 §83; repealed by 1973 c.823 §154] 126.610[Amended by 1953 c.687 §5; repealed by 1961 c.344 §109] 126.611[1961 c.344 §84; repealed by 1969 c.591 §305] 126.615[Repealed by 1961 c.344 §109] 126.616[1961 c.344 §85; repealed by 1973 c.823 §154] 126.617[1953 c.687 §5; repealed by 1961 c.344 §109] 126.620[Amended by 1953 c.687 §5; repealed by 1961 c.344 §109] 126.621[1961 c.344 §86; repealed by 1973 c.823 §154] 126.625[Repealed by 1961 c.344 §109] 126.626[1961 c.344 §87; repealed by 1973 c.823 §154] 126.630[Repealed by 1961 c.344 §109] 126.631[1961 c.344 §88; repealed by 1973 c.823 §154] 126.635[Repealed by 1961 c.344 §109] 126.636[1961 c.344 §89; repealed by 1973 c.823 §154] 126.637[1969 c.591 §259; repealed by 1973 c.823 §154] 126.638[1969 c.591 §260; repealed by 1973 c.823 §154] 126.639[1969 c.591 §261; repealed by 1973 c.823 §154] 126.640[Repealed by 1961 c.344 §109] 126.641[1961 c.344 §90; repealed by 1973 c.823 §154] 126.645[Repealed by 1961 c.344 §109] 126.646[1961 c.344 §91; repealed by 1973 c.823 §154] 126.650[Amended by 1953 c.687 §5; repealed by 1961 c.344 §109] 126.651[1961 c.344 §92; repealed by 1973 c.823 §154] 126.655[Repealed by 1961 c.344 §109] 126.656[1961 c.344 §93; repealed by 1973 c.823 §154] 126.660[1961 c.344 §94; 1965 c.402 §12; repealed by 1973 c.823 §154] 126.665[1965 c.402 §14; repealed by 1973 c.823 §154] 126.670[1965 c.402 §15; repealed by 1973 c.823 §154] 126.675[1965 c.402 §16; 1969 c.591 §262; repealed by 1973 c.823 §154] 126.700Payment or delivery for benefit of minor 126.725Settlement agreement on behalf of minor; payment or deposit; disbursement; liability 126.730Payment of moneys to minor pursuant to judgment; payment or deposit; disbursement 126.735Legislative findings; minor’s capacity to contract for bank account; consent; liability 126.805Definitions for ORS 126.805 to 126.886 126.809Applicability of ORS 126.805 to 126.886; jurisdiction over custodian 126.810[1959 c.640 §2; 1967 c.300 §2; 1981 c.443 §2; repealed by 1985 c.665 §27] 126.812Nomination of custodian; effective date of custodianship and transfer of custodial property 126.815[1959 c.640 §3; 1967 c.300 §3; 1973 c.823 §110; 1981 c.443 §3; repealed by 1985 c.665 §27] 126.816Irrevocable gifts or exercise of power of appointment 126.817[1983 c.457 §3; repealed by 1985 c.665 §27] 126.819Irrevocable transfer by personal representative or trustee to custodian 126.820[1959 c.640 §4; 1983 c.457 §4; repealed by 1985 c.665 §27] 126.822Transfer to custodian in absence of authorization 126.825[1959 c.640 §5; 1967 c.300 §4; 1981 c.443 §4; repealed by 1985 c.665 §27] 126.826Irrevocable transfer by person holding property of or owing liquidated debt to minor 126.829Written acknowledgment of delivery as receipt 126.830[1959 c.640 §6; 1973 c.823 §111; repealed by 1985 c.665 §27] 126.832Creation and transfer of custodial property; form of instrument 126.835[1959 c.640 §7; 1967 c.300 §5; 1981 c.443 §5; repealed by 1985 c.665 §27] 126.836Limitations on custodianship; age requirement for transfers 126.839Validity of transfer 126.840[1959 c.640 §8; repealed by 1985 c.665 §27] 126.842Duties of custodian; standard of care 126.845[1959 c.640 §9; 1973 c.823 §112; 1981 c.443 §7; repealed by 1985 c.665 §27] 126.846Rights, powers and authority of custodian 126.849Payments to and expenditures for beneficiary; effect on duty to support beneficiary 126.850[1959 c.640 §§10,12; 1967 c.300 §6; 1973 c.823 §113; repealed by 1985 c.665 §27] 126.852Reimbursement to custodian for reasonable expenses; compensation; bond 126.855[1959 c.640 §11; repealed by 1967 c.300 §7; (126.856 enacted in lieu of 126.855)] 126.856[1967 c.300 §8 (enacted in lieu of 126.855); 1973 c.823 §114; 1981 c.443 §6; repealed by 1985 c.665 §27] 126.857Third person’s duties in dealing with custodian 126.859Claims against custodial property; liability of custodian and beneficiary 126.860[1959 c.640 §§13,14; 1967 c.300 §9; 1973 c.823 §115; repealed by 1981 c.443 §8] 126.862Refusal to serve as custodian; substitute and successor custodians; resignation; removal 126.865[1959 c.640 §15; repealed by 1967 c.300 §11] 126.866Petition for accounting by custodian, determination of responsibility 126.869Time of transfer of custodial property to beneficiary or beneficiary’s estate 126.870[1959 c.640 §16; repealed by 1985 c.665 §27] 126.872Delayed transfer of custodial property to beneficiary 126.875Accounting by custodian 126.877Applicability of ORS 126.805 to 126.886 to transfers made after January 1, 1986 126.879Validation of transfer made before January 1, 1986 126.880[1959 c.640 §18; 1967 c.300 §10; repealed by 1985 c.665 §27] 126.882Application and construction of ORS 126.805 to 126.886 126.886Short title 126.905[1969 c.627 §1; 1973 c.823 §116; renumbered 125.700 in 1995] 126.915[1969 c.627 §2; 1983 c.740 §13; renumbered 125.705 in 1995] 126.925[1969 c.627 §§3,6; 1973 c.823 §117; 1995 c.664 §86; renumbered 125.710 in 1995] 126.935[1969 c.627 §4; 1973 c.823 §118; renumbered 125.715 in 1995] 126.945[1969 c.627 §5; 1973 c.823 §119; 1995 c.664 §87; renumbered 125.720 in 1995] 126.955[1969 c.627 §7; 1973 c.823 §120; renumbered 125.725 in 1995] 126.965[1969 c.627 §8; 1973 c.823 §121; 1991 c.790 §10; renumbered 125.730 in 1995]

Chapter 126 — Property Held for the Benefit of Minors; Uniform Transfers to Minors Act

ORS 126.839 Validity of transfer

(1)

The validity of a transfer made in a manner prescribed in ORS 126.805 to 126.886 is not affected by:

(a)

Failure of the transferor to comply with ORS 126.832 (4) concerning possession and control;

(b)

Designation of an ineligible custodian, except designation of the transferor in the case of property for which the transferor is ineligible to serve as custodian under ORS 126.832 (1); or

(c)

Death or incapacity of a person nominated under ORS 126.812 or designated under ORS 126.832 as custodian or the disclaimer of the office by that person.

(2)

A transfer made pursuant to ORS 126.832 is irrevocable, and the custodial property is indefeasibly vested in the beneficiary, but the custodian has all the rights, powers, duties and authority provided in ORS 126.805 to 126.886 and neither the beneficiary nor the beneficiary’s legal representative has any right, power, duty or authority with respect to the custodial property except as provided in ORS 126.805 to 126.886.

(3)

By making a transfer, the transferor incorporates in the disposition all the provisions of ORS 126.805 to 126.886 and grants to the custodian, and to any third person dealing with a person designated as custodian, the respective powers, rights and immunities provided in ORS 126.805 to 126.886.

Official sources · 2Tap to view provenance and version history

Online copy of the published ORS edition

Provenance

Version history

Earlier statutory text is available in an ingested published ORS edition.