Oregon § 125.540 Payment of debt and delivery of property to foreign conservator

Oregon Statutes

§ 125.540 — Payment of debt and delivery of property to foreign conservator

Oregon § 125.540

Vol.3

Title 13Protective Proceedings; Powers of Attorney; Trusts

Ch. 125Protective Proceedings

This text of Oregon § 125.540 (Payment of debt and delivery of property to foreign conservator) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 125.540 (2026).

Text

(1)A person indebted to a protected person, or having possession of property or of an instrument evidencing a debt, stock or chose in action belonging to a protected person, may make payment or delivery to a conservator, guardian or other fiduciary appointed by a court of the state where the protected person resides, upon being presented with proof of appointment and an affidavit made by the fiduciary stating that:

(a)A protective proceeding relating to the protected person is not pending in this state; and

(b)The fiduciary is entitled to payment or to receive delivery.

(2)If the person to whom the affidavit is presented is not aware of any protective proceeding pending in this state, payment or delivery in response to the demand and affidavit discharges the debtor or possessor.

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(1) A person indebted to a protected person, or having possession of property or of an instrument evidencing a debt, stock or chose in action belonging to a protected person, may make payment or delivery to a conservator, guardian or other fiduciary appointed by a court of the state where the protected person resides, upon being presented with proof of appointment and an affidavit made by the fiduciary stating that:
(a) A protective proceeding relating to the protected person is not pending in this state; and
(b) The fiduciary is entitled to payment or to receive delivery.
(2) If the person to whom the affidavit is presented is not aware of any protective proceeding pending in this state, payment or delivery in response to the demand and affidavit discharges the debtor or possessor.