2011 Oregon Revised Statutes
ORS Volume 3, Chapters 90 - 130
ORS Chapter 126
126.857 Third person s duties in dealing with custodian.
A third person in good faith and without court order may act on the instructions of or otherwise deal with any person purporting to make a transfer or purporting to act in the capacity of a custodian and, in the absence of knowledge, is not responsible for determining:
(1) The validity of the purported custodian s designation;
(2) The propriety of, or the authority under ORS 126.805 to 126.886 for, any act of the purported custodian;
(3) The validity or propriety under ORS 126.805 to 126.886 of any instrument or instructions executed or given either by the person purporting to make a transfer or by the purported custodian; or
(4) The propriety of the application of any property of the beneficiary delivered to the purported custodian. [1985 c.665 17; 2005 c.349 11]
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