There is a newer version of the Oregon Revised Statutes
2011 Oregon Revised Statutes
ORS Volume 3, Chapters 90 - 130
ORS Chapter 130
- 130.001 UTC 101. Short title.
- 130.005 UTC 102. Scope.
- 130.010 UTC 103. Definitions.
- 130.015 UTC 104. Knowledge.
- 130.020 UTC 105. Default and mandatory rules.
- 130.022 UTC 108. Principal place of administration.
- 130.025 UTC 106. Common law of trusts; principles of equity.
- 130.030 UTC 107. Governing law.
- 130.035 UTC 109. Methods of giving notice; waiver of notice.
- 130.040 UTC 110. Other persons treated as qualified beneficiaries.
- 130.045 UTC 111. Nonjudicial settlement agreements.
- 130.050 UTC 201. Role of court in administration of trust.
- 130.055 UTC 202. Jurisdiction over trustee and beneficiary.
- 130.060 UTC 203. Subject-matter jurisdiction.
- 130.065 UTC 204. Venue.
- 130.100 UTC 301. Representation; basic effect.
- 130.105 UTC 302. Representation by holder of testamentary power of appointment.
- 130.110 UTC 303. Representation by fiduciaries and parents.
- 130.115 UTC 304. Representation by person having substantially identical interest.
- 130.120 UTC 305. Appointment of special representative.
- 130.150 UTC 401. Methods of creating trust.
- 130.155 UTC 402. Requirements for creation.
- 130.160 UTC 403. Trusts created in other states, countries or jurisdictions.
- 130.165 UTC 404. Trust purposes.
- 130.170 UTC 405. Charitable purposes; enforcement.
- 130.175 UTC 406. Creation of trust induced by fraud, duress or undue influence.
- 130.180 UTC 407. Evidence of oral trust.
- 130.185 UTC 408. Pet trust.
- 130.190 UTC 409. Noncharitable trust without ascertainable beneficiary.
- 130.195 UTC 410. Modification or termination of trust; proceedings for approval or disapproval.
- 130.200 UTC 411. Modification or termination of irrevocable trust by consent.
- 130.205 UTC 412. Modifications or termination because of unanticipated circumstances or inability to administer trust effectively.
- 130.210 UTC 413. Cy pres.
- 130.215 UTC 414. Modification or termination of uneconomic trust.
- 130.220 UTC 415. Reformation to correct mistakes.
- 130.225 UTC 416. Modification to achieve settlor s tax objectives.
- 130.230 UTC 417. Combination and division of trusts.
- 130.235 In terrorem clause.
- 130.240 Marital deduction gifts.
- 130.300 UTC 501. Rights of beneficiary s creditor or assignee.
- 130.305 UTC 502. Spendthrift provision.
- 130.310 UTC 503. Exceptions to spendthrift provisions.
- 130.315 UTC 505. Creditor s claim against settlor.
- 130.320 UTC 506. Overdue distribution.
- 130.325 UTC 507. Personal obligations of trustee.
- 130.350 Statute of limitations.
- 130.355 Commencement of proceeding.
- 130.360 Limitation on presentation of claims when notice to claimants given.
- 130.365 Publication of notice.
- 130.370 Notice to individual claimants.
- 130.375 Form of claim; evidence in support.
- 130.380 Claim based on debt due or judgment.
- 130.385 Claim on debts not yet due.
- 130.390 Claim on secured debt that is due.
- 130.395 Claim on contingent or unliquidated debt.
- 130.400 Allowance and disallowance of claims.
- 130.405 Creditor may obtain order for payment.
- 130.410 Evidence required to allow court approval of claim disallowed by trustee.
- 130.415 Waiver of statute of limitations.
- 130.420 Tolling of statute of limitations on claim.
- 130.425 Priority of claims.
- 130.430 Applicability of time limitations to public bodies.
- 130.435 Applicability of time limitations to certain claims based on liens against property and liability of settlor or trustee.
- 130.440 Petition to close case.
- 130.445 Dismissal for want of prosecution.
- 130.450 Consolidation of proceedings.
- 130.500 UTC 601. Revocable trusts generally.
- 130.505 UTC 602. Revocation or amendment of revocable trust.
- Note: Section 47, chapter 348, Oregon Laws 2005, provides:
- Sec. 47.
- 130.510 UTC 603. Settlor s powers; powers of withdrawal.
- 130.515 UTC 604. Limitation on action contesting validity of revocable trust; distribution of trust property.
- 130.520 Definition for ORS 130.520 to 130.575.
- 130.525 Applicability of ORS 130.520 to 130.575.
- 130.530 Effect of marriage.
- 130.535 Revocation by divorce or annulment.
- 130.540 Contract of sale of property not revocation.
- 130.545 Encumbrance or disposition of property after trust instrument executed.
- 130.550 When trust assets pass to descendants of beneficiary; class gifts.
- 130.555 Children born or adopted after execution of trust instrument.
- 130.560 Failure of specific distribution.
- 130.565 Effect of failure of specific distribution.
- 130.570 Advancement against share of trust.
- 130.575 Effect of advancement on distribution.
- 130.600 UTC 701. Acceptance or rejection of trusteeship.
- 130.605 UTC 702. Trustee s bond.
- 130.610 UTC 703. Cotrustees.
- 130.615 UTC 704. Vacancy in trusteeship; appointment of successor.
- 130.620 UTC 705. Resignation of trustee.
- 130.625 UTC 706. Removal of trustee.
- 130.630 UTC 707. Delivery of property by former trustee.
- 130.635 UTC 708. Compensation of trustee.
- 130.640 UTC 709. Reimbursement of expenses.
- 130.650 UTC 801. Duty to administer trust.
- 130.655 UTC 802. Duty of loyalty.
- 130.660 UTC 803. Impartiality.
- 130.665 UTC 804. Prudent administration.
- 130.670 UTC 805. Costs of administration.
- 130.675 UTC 806. Trustee s skills.
- 130.680 UTC 807. Delegation by trustee.
- 130.685 UTC 808. Powers to direct.
- 130.690 UTC 809. Control and protection of trust property.
- 130.695 UTC 810. Recordkeeping and identification of trust property.
- 130.700 UTC 811. Enforcement and defense of claims.
- 130.705 UTC 812. Collecting trust property.
- 130.710 UTC 813. Duty to inform and report.
- Note: Section 72, chapter 348, Oregon Laws 2005, provides:
- Sec. 72.
- Note: Section 19, chapter 275, Oregon Laws 2009, provides:
- Sec. 19.
- 130.715 UTC 814. Discretionary powers; tax savings.
- 130.720 UTC 815. General powers of trustee.
- 130.725 UTC 816. Specific powers of trustee.
- 130.730 UTC 817. Distribution upon termination.
- 130.735 Appointment of adviser; liability of trustee.
- 130.750 Trustee s duty to comply with prudent investor rule.
- 130.755 Prudent investor rule.
- 130.760 Diversification of trust investments.
- 130.765 Trustee duty.
- 130.770 Determination of compliance with prudent investor rule.
- 130.775 Trust language authorizing investments permitted under prudent investor rule.
- 130.800 UTC 1001. Remedies for breach of trust.
- 130.805 UTC 1002. Damages for breach of trust.
- 130.810 UTC 1003. Damages in absence of breach.
- 130.815 UTC 1004. Attorney fees and costs.
- 130.820 UTC 1005. Limitation of action against trustee.
- 130.825 UTC 1006. Reliance on trust instrument.
- 130.830 UTC 1007. Event affecting administration or distribution.
- 130.835 UTC 1008. Exculpation of trustee.
- 130.840 UTC 1009. Beneficiary s consent, release or ratification.
- 130.845 UTC 1010. Limitation on personal liability of trustee.
- 130.850 UTC 1011. Interest as general partner.
- 130.855 UTC 1012. Protection of person dealing with trustee.
- 130.860 UTC 1013. Certification of trust.
- 130.900 Uniformity of application and construction.
- Note: 130.900 to 130.910 were enacted into law by the Legislative Assembly but were not added to or made a part of ORS chapter 130 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.
- 130.905 UTC 1102. Electronic records and signatures.
- Note: See note under 130.900.
- 130.910 UTC 1106. Application.
- Note: See note under 130.900. _______________
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