Oregon Statutes 723.488 – Joint account; payment to any party to account; payment to others
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Any sums in a joint account may be paid, on request, to any party without regard to whether any other party is incapacitated or deceased at the time the payment is requested. Payment may not be made to the personal representative or heirs of a deceased party unless:
Terms Used In Oregon Statutes 723.488
- Decedent: A deceased person.
- Right of survivorship: The ownership rights that result in the acquisition of title to property by reason of having survived other co-owners.
(1) Proof of death is presented to the credit union, showing that the decedent was the last surviving party; or
(2) There is no right of survivorship under ORS § 723.480. [1999 c.185 § 32]