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2015 Regular Session
At the request of: (at the request of Governor John A. Kitzhaber, M.D., for Department of Human Services)
Chief Sponsors:
Regular Sponsors:
Bill Title: Relating to certain deposits upon death.
Catchline/Summary: Permits Department of Human Services or Oregon Health Authority to deliver written notice to financial institution after individual dies to request financial institution to provide certain information about accounts in deceased individual's name, balances on deposit on date of individual's death, account activity and names of individuals to whom financial institution disbursed funds from accounts.
Requires financial institution or credit union to respond to demand from Oregon Health Authority or Department of Human Services for moneys deposited to credit of deceased depositor or member by disclosing amount on deposit for each account in which deceased depositor or member held ownership interest and name and address of any person that also held ownership interest in each account.] Permits authority or department to apply to circuit court of this state for order to compel financial institution or credit union to comply with demand for account information or order to enjoin transfer of moneys from account of deceased depositor or member to any person other than deceased depositor's or member's spouse, authority or department within certain period following depositor's or member's death.] Provides that financial institution or credit union that transfers moneys that are subject to demand from authority or department is liable to authority or department for moneys and must notify authority or department when financial institution or credit union has replaced or recovered moneys.] Becomes operative January 1, 2016.] Declares emergency, effective on passage.]
Chapter Number: Chapter 129
Fiscal Impact: Fiscal Impact Issued
Revenue Impact: No Revenue Impact
Measure Analysis: Staff Measure Summary / Impact Statements
Current Location: Chapter Number Assigned
Current Committee:
Current Subcommittee:
Subsequent Referral(s):
Potential Conflicts of Interest/Vote Explanations: Potential Conflicts of Interest/Vote Explanation Documents
Measure History
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