Nomination of custodian; effective date of custodianship and transfer of custodial property.

  1. Law
  2. Oregon Revised Statutes
  3. Landlord-Tenant, Domestic Relations, Probate
  4. Property Held for the Benefit of Minors; Uniform Transfers to Minors Act
  5. Nomination of custodian; effective date of custodianship and transfer of custodial property.

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(2) A custodian nominated under this section must be a person to whom a transfer of property of that kind may be made under ORS 126.832 (1).

(3) The nomination of a custodian under this section does not create custodial property until the nominating instrument becomes irrevocable or a transfer to the nominated custodian is completed under ORS 126.832. Unless the nomination of a custodian has been revoked, upon the occurrence of the future event the custodianship becomes effective and the custodian shall enforce a transfer of the custodial property pursuant to ORS 126.832. [1985 c.665 §4; 2005 c.349 §3]


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