Except as provided in ORS § 126.872, the custodian shall transfer in an appropriate manner the custodial property to the beneficiary or to the beneficiary’s estate upon the earlier of:

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Terms Used In Oregon Statutes 126.869

  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC

(1) The beneficiary’s attainment of 21 years of age with respect to custodial property transferred under ORS § 126.816 or 126.819;

(2) The beneficiary’s attainment of 18 years of age with respect to custodial property transferred under ORS § 126.822 or 126.826; or

(3) The beneficiary’s death. [1985 c.665 § 21; 2001 c.244 § 6; 2005 c.349 § 15]

 

[1959 c.640 § 16; repealed by 1985 c.665 § 27]

 

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