Oregon Statutes 406.085 – Conservatorship Revolving Account; sources; use
The Conservatorship Revolving Account is created, separate and distinct from the General Fund, to provide for disbursement of funds for the beneficiary. Funds may also be disbursed from the Conservatorship Revolving Account to the Conservatorship Services Account in compensation for claims arising under ORS § 406.100. The Conservatorship Revolving Account shall consist of all money received by the Department of Veterans’ Affairs as conservator, personal representative, fiduciary or representative payee. Disbursement from the account shall be made by the department. Interest earned by the account shall be credited to the account. [1965 c.374 § 2; 1973 c.823 § 128; 1987 c.425 § 6; 1989 c.932 § 3; 1989 c.966 § 44; 2005 c.625 § 10; 2007 c.218 § 4; 2015 c.381 § 2]
Terms Used In Oregon Statutes 406.085
- 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
- Fiduciary: A trustee, executor, or administrator.