ORS § 708A.495

Current through 2024 Regular Session legislation effective April 17, 2024
Section 708A.495 - P.O.D. account; payment to any original party; payment to others

An insured institution may pay any P.O.D. account, on request, to any original party to the account. The insured institution may pay, on request, the P.O.D. payee or the personal representative or heirs of a deceased P.O.D. payee upon presentation to the insured institution of proof of death showing that the P.O.D. payee survived all persons named as original parties. The insured institution may pay the personal representative or heirs of a deceased original party if proof of death is presented to the insured institution showing that the decedent survived all other persons named on the account either as an original party or as P.O.D. payee.

ORS 708A.495

Amended by 2015 Ch. 244,§ 61, eff. 6/4/2015, op. 1/1/2016.
1997 c.631 §180