ORS 723.486: Multiple party account; payment of deposit to one or more parties; credit union not required to determine source or use of funds in account.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
Credit unions 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. For purposes of establishing net contributions a credit union shall not be required to inquire about the source of funds received for deposit to a multiple-party account, or to inquire about the proposed application of any sum withdrawn from an account. [1999 c.185 §31]
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Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors723.html