Oregon Statutes - Chapter 708A - Regulation of Institutions Generally - Section 708A.495 - P.O.D. account; payment to any original party; payment to others.

Any P.O.D. account may be paid, on request, to any original party to the account. Payment may be made, on request, to the P.O.D. payee or to the personal representative or heirs of a deceased P.O.D. payee upon presentation to the financial institution of proof of death showing that the P.O.D. payee survived all persons named as original parties. Payment may be made to the personal representative or heirs of a deceased original party if proof of death is presented to the financial institution showing that the decedent was the survivor of all other persons named on the account either as an original party or as P.O.D. payee. [1997 c.631 §180]

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Last modified: August 7, 2008