2011 Oregon Revised Statutes
ORS Volume 3, Chapters 90 - 130
ORS Chapter 130
130.605 UTC 702. Trustee s bond.
(1) A trustee shall acquire a bond to secure performance of the trustee s duties only if a bond is required by the terms of the trust or if a court finds that a bond is needed to protect the interests of the beneficiaries. A court may waive a bond required by the terms of a trust if the court finds that a bond is not needed to protect the interests of the beneficiaries.
(2) The court may specify the amount and terms of a bond. The court may modify or terminate any requirement for a bond at any time.
(3) A trust company as defined in ORS 706.008 need not give a bond, even if required by the terms of the trust. [2005 c.348 51]
Disclaimer: These codes may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
