708A.465
Ownership of multiple-party accounts.
(1) A joint account belongs, during the lifetime of all parties, to the parties
in proportion to the net contributions by each to the sums on deposit, unless
there is clear and convincing evidence of a different intent.
(2) A P.O.D.
account belongs to the original party during the lifetime of the party and not
to the P.O.D. payee or payees. If two or more persons are named as original
parties, during their lifetimes, rights as between them are governed by
subsection (1) of this section.
(3) Unless a
contrary intent is manifested by the terms of the account or the deposit
agreement or there is other clear and convincing evidence of an irrevocable
trust, a trust account belongs beneficially to the trustee during the lifetime
of the trustee. If two or more parties are named as trustees on the account,
during their lifetimes beneficial rights as between them are governed by
subsection (1) of this section. If there is an irrevocable trust, the account
belongs beneficially to the beneficiary. [1997 c.631 §174]
Notes of Decisions
Cited in
2
cases (
1 in the last 5 years), 2009–2024 · leading case:
Robison v. Robison, 203 P.3d 280 (Or. Ct. App. 2009).
Robison v. Robison, 203 P.3d 280 (Or. Ct. App. 2009).
· cites it 2× “2 The legislature has codified that principle with respect to the nature of ownership of multiple-party joint accounts held in “financial institutions,” in ORS 708A.465(1), which provides that “[a] joint account belongs, during the lifetime of *103 all parties, to the parties in…”
Tran v. Nguyen, No. 21-03049 (Bankr. D. Or. Dec. 31, 2024).
· cites it 2× “36 Or. Rev. Stat. § 708A.465. community property if the Trans owned community property and Mr.”
Or. Rev. Stat. § 708A.465(1): 1 case
Robison v. Robison, 203 P.3d 280 (Or. Ct. App. 2009).
“2 The legislature has codified that principle with respect to the nature of ownership of multiple-party joint accounts held in “financial institutions,” in ORS 708A.465(1), which provides that “[a] joint account belongs, during the lifetime of *103 all parties, to the parties in…”
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