ORS 126.819¹
Irrevocable transfer by personal representative or trustee to custodian

(1) A personal representative or trustee may make an irrevocable transfer pursuant to ORS 126.832 (Creation and transfer of custodial property) to a custodian for the benefit of a beneficiary as authorized in the governing will or trust.

(2) If the testator or settlor has nominated a custodian under ORS 126.812 (Nomination of custodian) to receive the custodial property, the transfer must be made to that person.

(3) If the testator or settlor has not nominated a custodian under ORS 126.812 (Nomination of custodian), or all persons so nominated as custodian die before the transfer or are unable, decline or are ineligible to serve, the personal representative or the trustee, as the case may be, shall designate the custodian from among those eligible to serve as custodian for property of that kind under ORS 126.832 (Creation and transfer of custodial property). [1985 c.665 §6; 2005 c.349 §5]

1 Legislative Counsel Committee, CHAPTER 126—Property Held for the Benefit of Minors; Uniform Transfers to Minors Act, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors126.­html (2019) (last ac­cessed May 16, 2020).
 
2 OregonLaws.org contains the con­tents of Volume 21 of the ORS, inserted along­side the per­tin­ent statutes. See the preface to the ORS An­no­ta­tions for more information.
 
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent. Currency Information