Or. Admin. R. 459-005-0130

Current through Register Vol. 63, No. 9, September 1, 2024

Section 459-005-0130 - Termination of Member's Fiduciary

The authority granted a member's fiduciary will terminate upon the occurrence of the earliest of the following events:

(1) A written revocation is filed with PERS containing the member's signature, if the member appointed the member's fiduciary.

(2) A Fiduciary Document is filed with PERS which:

(a) Bears a date that is later than the Fiduciary Document previously filed with PERS;

(b) Complies with the requirements set forth in OAR 459-005-0110; and

(c) Names a different person as the member's fiduciary.

(3) PERS receives notification of the death of the member.

(4) PERS receives notification that the member's fiduciary has been removed or their authority terminated by the court which originally named or granted authority to the member's fiduciary, or that action has been taken by a different court.

Or. Admin. R. 459-005-0130

PERS 7-1996, f. & cert. ef. 11-12-96; PERS 6-2007, f. & cert. ef. 2-21-07

Stat. Auth.: ORS 238.650

Stats. Implemented: ORS 238.005 - 238.715