Oregon Statutes 126.875 – Accounting by custodian
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The custodian is not required to account to the beneficiary or to any other person for the acts and proceedings of the custodian unless the beneficiary, a parent of the beneficiary, the legal representative of the beneficiary or a successor custodian petitions the circuit court for an accounting no later than two years after the beneficiary becomes an adult or attains a lesser age as provided in ORS § 126.805 to 126.886 or dies before becoming an adult or attaining that lesser age. [1959 c.640 § 17; 1983 c.457 § 5; 1985 c.665 § 26; 2005 c.349 § 17]
Terms Used In Oregon Statutes 126.875
- 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