Any deposit in an Oregon commercial bank made to an account in the name of a minor must be held for the exclusive right and benefit of the minor free from the control or lien of all other persons, except other parties to the account and creditors, and must be paid, in accordance with the terms of the account, together with any interest on the deposit, to or upon the order of the minor. [1997 c.631 § 166; 2015 c.244 § 48]

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Terms Used In Oregon Statutes 708A.425

  • Lien: A claim against real or personal property in satisfaction of a debt.