ORS 126.849
Payments to and expenditures for beneficiary

  • effect on duty to support beneficiary

(1)

A custodian may deliver or pay to the beneficiary or expend for the beneficiary’s benefit so much of the custodial property as the custodian considers advisable for the use and benefit of the beneficiary, without court order and without regard to:

(a)

The duty or ability of the custodian personally or of any other person to support the beneficiary; or

(b)

Any other income or property of the beneficiary that may be applicable or available for that purpose.

(2)

On petition of an interested person or the beneficiary if the beneficiary has attained 14 years of age, the court may order the custodian to deliver or pay to the beneficiary or expend for the beneficiary’s benefit so much of the custodial property as the court considers advisable for the use and benefit of the beneficiary.

(3)

A delivery, payment or expenditure under this section is in addition to, not in substitution for, and does not affect any obligation of a person to support the beneficiary. [1985 c.665 §15; 2005 c.349 §10]

Source: Section 126.849 — Payments to and expenditures for beneficiary; effect on duty to support beneficiary, https://www.­oregonlegislature.­gov/bills_laws/ors/ors126.­html.

126.700
Payment or delivery for benefit of minor
126.725
Settlement agreement on behalf of minor
126.730
Payment of moneys to minor pursuant to judgment
126.735
Legislative findings
126.805
Definitions for ORS 126.805 to 126.886
126.809
Applicability of ORS 126.805 to 126.886
126.812
Nomination of custodian
126.816
Irrevocable gifts or exercise of power of appointment
126.819
Irrevocable transfer by personal representative or trustee to custodian
126.822
Transfer to custodian in absence of authorization
126.826
Irrevocable transfer by person holding property of or owing liquidated debt to minor
126.829
Written acknowledgment of delivery as receipt
126.832
Creation and transfer of custodial property
126.836
Limitations on custodianship
126.839
Validity of transfer
126.842
Duties of custodian
126.846
Rights, powers and authority of custodian
126.849
Payments to and expenditures for beneficiary
126.852
Reimbursement to custodian for reasonable expenses
126.857
Third person’s duties in dealing with custodian
126.859
Claims against custodial property
126.862
Refusal to serve as custodian
126.866
Petition for accounting by custodian, determination of responsibility
126.869
Time of transfer of custodial property to beneficiary or beneficiary’s estate
126.872
Delayed transfer of custodial property to beneficiary
126.875
Accounting by custodian
126.877
Applicability of ORS 126.805 to 126.886 to transfers made after January 1, 1986
126.879
Validation of transfer made before January 1, 1986
126.882
Application and construction of ORS 126.805 to 126.886
126.886
Short title
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