There is a newer version of the Oregon Revised Statutes
2015 Oregon Revised Statutes
Volume : 03 - Landlord-Tenant, Domestic Relations, Probate
Chapter 128 - Trusts; Charitable Activities
Section 128.585 - Personal liability of trustees, shareholders or beneficiaries of business trust.
OR Rev Stat § 128.585 (2015) What's This?
The trustees, shareholders or beneficiaries of a business trust shall not, as such, be personally liable for any obligations of such business trust arising after June 25, 1971. Persons becoming trustees, shareholders or beneficiaries after June 25, 1971, shall not be personally liable, as such, for obligations of the business trust existing on June 25, 1971.
[1971 c.491 §6; 1973 c.367 §14]
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