Or. Rev. Stat. § 126.822
Transfer to custodian in absence of authorization
Oregon · Oregon Revised Statutes Chapter 126 — Property Held for the Benefit of Minors; Uniform Transfers to Minors Act · Status: effective
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- Citation
- Or. Rev. Stat. § 126.822, Transfer to custodian in absence of authorization, Oregon, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2464288
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Full text
(1) Subject to subsection (3) of this section, a personal representative or trustee may make an irrevocable transfer to another adult or trust company as custodian for the benefit of a minor pursuant to ORS 126.832, in the absence of a will or under a will or trust that does not contain an authorization to do so.
(2) Subject to subsection (3) of this section, a conservator may make an irrevocable transfer to another adult or trust company as custodian for the benefit of the minor pursuant to ORS 126.832.
(3) A transfer under subsection (1) or (2) of this section may be made only if:
(a) The personal representative, trustee or conservator considers the transfer to be in the best interest of the minor;
(b) The transfer is not prohibited by or inconsistent with provisions of the applicable will, trust agreement or other governing instrument; and
(c) The transfer is authorized by the court if it exceeds $30,000 in value.