Known as the Oregon Uniform Transfers to Minors Act
The act spans §§ 126–126 (309 sections).
Applied in 1 court decision — leading case 253 Or. App. 195 - Ivers v. Salladay (2012)
Most recently applied in 253 Or. App. 195 - Ivers v. Salladay (October 2012)
1985 c.665 §16
(1) A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian’s duties.
(2) Except for one who is a transferor under ORS 126.816, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.
(3) Except as provided in ORS 126.862 (6), a custodian need not give a bond.
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.