Oregon — State Statute

Oregon Revised Statutes Chapter 114 § 114.505 — to 114.560 is personally answerable and accountable:

Oregon Revised Statutes Chapter 114 ·
Oregon Code § 114.505 · Enacted · Last updated March 01, 2026
Statute Text
to 114.560 is personally answerable and accountable: (a) To the extent of the value of the property received, to creditors of the estate to the extent such creditors are entitled to payment under subsection (1) of this section; and (b) To any personal representative of the estate of the decedent appointed after the payment, delivery or transfer is made. (5) A financial institution as defined in ORS 706.008 that opens one or more deposit accounts for an affiant pursuant to subsection (1)(e) of this section is not liable to any other person for opening the account or accounts or for permitting the affiant to withdraw funds from the account or accounts by means of checks, drafts, negotiable orders of withdrawal or otherwise. The financial institution is not required to ensure that the funds of the decedent that are paid out by the affiant are properly applied. [1973 c.710 §7; 1979 c.340 §4; 1985 c.300 §5; 1989 c.148 §6; 1989 c.228 §5; 1991 c.191 §4; 2003 c.655 §61; 2015 c.146 §1; 2019 c.165 §13; 2021 c.97 §14; 2023 c.17 §15]
Plain English Explanation
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This section of Oregon law addresses to 114.560 is personally answerable and accountable:. Read the full statute text above for details.
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