Oregon Statutes 126.836 – Limitations on custodianship; age requirement for transfers
Current as of: 2023 | Check for updates
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(1) A transfer may be made only for one beneficiary and only one person may be the custodian. All custodial property held under ORS § 126.805 to 126.886 by the same custodian for the benefit of the same beneficiary constitutes a single custodianship.
Terms Used In Oregon Statutes 126.836
- 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
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
(2) A transfer may be made for the benefit of a beneficiary under ORS § 126.805 to 126.886 at any time before the beneficiary attains 25 years of age. [1985 c.665 § 11; 2005 c.349 § 7]