{"data":{"id":"us-or/ors-126.822","jurisdiction":"us-or","citation":"ORS 126.822","heading":"Transfer to custodian in absence of authorization.","body":"(1) Subject to subsection (3) of this section, a personal representative or trustee may make an irrevocable transfer to another adult or trust company as custodian for the benefit of a minor pursuant to ORS 126.832, in the absence of a will or under a will or trust that does not contain an authorization to do so.\n      (2) Subject to subsection (3) of this section, a conservator may make an irrevocable transfer to another adult or trust company as custodian for the benefit of the minor pursuant to ORS 126.832.\n      (3) A transfer under subsection (1) or (2) of this section may be made only if:\n      (a) The personal representative, trustee or conservator considers the transfer to be in the best interest of the minor;\n      (b) The transfer is not prohibited by or inconsistent with provisions of the applicable will, trust agreement or other governing instrument; and\n      (c) The transfer is authorized by the court if it exceeds $30,000 in value.","path":["03 - Landlord-Tenant, Domestic Relations, Probate","13. Protective Proceedings; Powers of Attorney; Trusts","Chapter 126 — Property Held for the Benefit of Minors; Uniform Transfers to Minors Act"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors126.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:11Z","sha256":"c920fc8aa62c794719d0654a334934fcb36029b8b3b4767a1ed975fe244696f9","source_id":"us-or","stale":false,"prev":"us-or/ors-126.820","next":"us-or/ors-126.825"},"notice":"GroundRules: Original legal text. Not legal advice."}