2017 ORS 126.872¹
Delayed transfer of custodial property to beneficiary

(1) Except as provided in this section, a person making a transfer to a custodian under ORS 126.816 (Irrevocable gifts or exercise of power of appointment) or 126.819 (Irrevocable transfer by personal representative or trustee to custodian) may provide for a delayed transfer of the custodial property to the beneficiary at a specific time after the beneficiary attains the age of 21 years and:

(a) Before the beneficiary attains the age of 25 years; or

(b) The date on which the beneficiary attains the age of 25 years.

(2) If the person making the transfer to the custodian under ORS 126.816 (Irrevocable gifts or exercise of power of appointment) or 126.819 (Irrevocable transfer by personal representative or trustee to custodian) specifies no time for the transfer of the custodial property to the beneficiary, the custodian shall transfer the custodial property to the beneficiary on the date that the beneficiary attains the age of 21 years.

(3) A personal representative or trustee making a transfer to a custodian under ORS 126.819 (Irrevocable transfer by personal representative or trustee to custodian) may provide for a delayed transfer of the custodial property pursuant to this section only if the governing will or trust directs that the custodial property be transferred within the time specified by subsection (1) of this section. The transfer to the custodian must provide that the custodial property be transferred to the beneficiary at the age specified in the governing will or trust.

(4) A transfer to a custodian under ORS 126.816 (Irrevocable gifts or exercise of power of appointment) or 126.819 (Irrevocable transfer by personal representative or trustee to custodian) is not invalid if the transfer provides that the custodial property be transferred to the beneficiary after the beneficiary attains the age of 25 years. If an otherwise valid transfer provides that the custodial property be transferred to the beneficiary after the beneficiary attains the age of 25 years, the custodial property must be transferred to the beneficiary on the date that the beneficiary attains the age of 25 years. [2001 c.244 §2; 2005 c.349 §16]

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 (2017) (last ac­cessed Mar. 30, 2018).
 
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.