2021 Oregon Revised Statutes
Chapter 126 - Property Held for the Benefit of Minors; Uniform Transfers to Minors Act
Section 126.812 - Nomination of custodian; effective date of custodianship and transfer of custodial property.

(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 Unless the nomination of a custodian has been revoked, upon the occurrence of the future event the custodianship becomes effective and the custodian shall enforce a transfer of the custodial property pursuant to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]

Structure 2021 Oregon Revised Statutes