Oregon Statutes - Chapter 708A - Regulation of Institutions Generally - Section 708A.485 - Payment of deposit in multiple-party account to one or more parties; institution not required to determine source or use of funds in account.

Financial institutions may enter into multiple-party accounts to the same extent that they may enter into single-party accounts. Any multiple-party account may be paid, on request, to any one or more of the parties. A financial institution shall not be required to inquire as to the source of funds received for deposit to a multiple-party account, or to inquire as to the proposed application of any sum withdrawn from an account, for purposes of establishing net contributions. [1997 c.631 §178]

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Last modified: August 7, 2008