Or. Rev. Stat. § 126.826
Irrevocable transfer by person holding property of or owing liquidated debt to minor
Oregon · Oregon Revised Statutes Chapter 126 — Property Held for the Benefit of Minors; Uniform Transfers to Minors Act · Status: effective
Cite this
- Citation
- Or. Rev. Stat. § 126.826, Irrevocable transfer by person holding property of or owing liquidated debt to minor, Oregon, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2464290
- Permanent ID
ys:prov:2464290@1- SHA-256
f04d081ec8fcbd5fc1d31b2e852d2b23cd71f14eb8f27e42b4c5d74cda40550b
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(1) Subject to subsections (2) and (3) of this section, a person not subject to ORS 126.819 or 126.822 who holds property of or owes a liquidated debt to a minor not having a conservator may make an irrevocable transfer to a custodian for the benefit of the minor pursuant to ORS 126.832.
(2) If a person having the right to do so under ORS 126.812 has nominated a custodian under that section to receive the custodial property, the transfer must be made to that person.
(3) If no custodian has been nominated under ORS 126.812 or all persons so nominated as custodian die before the transfer or are unable, decline or are ineligible to serve, a transfer under this section may be made to an adult member of the minor’s family or to a trust company unless the property exceeds $5,000 in value.