2011 ORS § 126.879¹
Validation of transfer made before January 1, 1986

(1) Any transfer of custodial property made before January 1, 1986, is validated notwithstanding that there was no specific authority in ORS 126.805 (Definitions for ORS 126.805 to 126.886) to 126.886 (Short title) prior to January 1, 1986, for the coverage of custodial property of that kind or for a transfer from that source at the time the transfer was made.

(2) ORS 126.805 (Definitions for ORS 126.805 to 126.886) to 126.886 (Short title) apply to all transfers made before January 1, 1986, in a manner and form prescribed in the Oregon Uniform Gifts to Minors Act, except insofar as the application impairs constitutionally vested rights or extends the duration of custodianships in existence on January 1, 1986.

(3) ORS 126.805 (Definitions for ORS 126.805 to 126.886) and 126.869 (Time of transfer of custodial property to beneficiary or beneficiarys estate) with respect to the age of a minor for whom custodial property is held under ORS 126.805 (Definitions for ORS 126.805 to 126.886) to 126.886 (Short title) do not apply to custodial property held in a custodianship that terminated because of the minors attainment of 18 years of age after October 4, 1973, and before January 1, 1986. [1985 c.665 §23]