75th OREGON LEGISLATIVE ASSEMBLY--2009 Regular Session
 
HA to HB 2687
 
LC 2398/HB 2687-2
 
                       HOUSE AMENDMENTS TO
                         HOUSE BILL 2687
 
                    By COMMITTEE ON JUDICIARY
 
                            April 20
 
  On page 1 of the printed bill, line 14, delete 'subsection (3)'
and insert 'subsections (3) and (4)'.
  On page 2, after line 8, insert:
  ' (4) The moneys in the minor's savings account established
under subsection (3) of this section may not be withdrawn,
removed, paid out or transferred to any person, including the
minor, except as follows:
  ' (a) Pursuant to court order;
  ' (b) Upon the minor's attainment of 18 years of age; or
  ' (c) Upon the minor's death.'.
  In line 9, delete '(4)' and insert '(5)'.
  In line 13, delete '(5)' and insert '(6)'.
  In line 15, delete '(3)' and insert '(4)'.
  In line 29, after the first 'minor' delete the rest of the line
and line 30 and insert '. Notice of the deposit shall be
delivered to the minor by personal service or first class mail.'.
  After line 32, insert:
  ' (3) The moneys in the minor's savings account established
under subsection (2) of this section may not be withdrawn,
removed, paid out or transferred to any person, including the
minor, except as follows:
  ' (a) Pursuant to court order;
  ' (b) Upon the minor's attainment of 18 years of age; or
  ' (c) Upon the minor's death.'.
  In line 33, delete '(3)' and insert '(4)'.
  After line 35, insert:
  '  { +  SECTION 3. + }  { + (1) The Legislative Assembly finds
that there are in the State of Oregon unemancipated minors
entitled to payment or delivery of moneys under ORS 126.700 or
126.725 or section 2 of this 2009 Act who are capable of
establishing and maintaining a bank account in their sole name
for their sole use and administration but who cannot contract to
establish a bank account due to perceived legal limitations
affecting contracts with minors. The purpose of this section is
to address those limitations.
  ' (2) For purposes of this section, 'minor' means an
unemancipated and unmarried person who is under 18 years of age
and entitled to payment or delivery of moneys under ORS 126.700
or 126.725 or section 2 of this 2009 Act.
  ' (3) Notwithstanding any other provision of law, a minor may
contract with a bank or financial institution to establish a bank
account for the purpose of depositing payments or deliveries of
moneys under ORS 126.700 or 126.725 or section 2 of this 2009
Act.  Such contract is binding upon the minor and cannot be
voided or disaffirmed by the minor based upon the minor's age or
status as a minor.
  ' (4) The consent of the minor's parent or legal guardian, or
of the person having legal custody of the minor, is not necessary
to contract to establish a bank account under this section. The
parent, legal guardian or person having legal custody of the
minor shall not be liable under a contract by the minor for a
bank account unless the parent, legal guardian or person having
legal custody of the minor is a party to the minor's
contract. + } ' .
  In line 36, delete '3' and insert '4'.
  In line 37, after 'to' insert 'amounts paid to minors,'.
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