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 beneficiary’s 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 minor’s attainment of 18 years of age after October 4, 1973, and before January 1, 1986. [1985 c.665 §23]

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