There is a newer version of the Oregon Revised Statutes
2015 Oregon Revised Statutes
Volume : 03 - Landlord-Tenant, Domestic Relations, Probate
Chapter 130 - Uniform Trust Code
GENERAL PROVISIONS AND DEFINITIONS- Section 130.001 - UTC 101. Short title.
- Section 130.005 - UTC 102. Scope.
- Section 130.010 - UTC 103. Definitions.
- Section 130.015 - UTC 104. Knowledge.
- Section 130.020 - UTC 105. Default and mandatory rules.
- Section 130.022 - UTC 108. Principal place of administration.
- Section 130.025 - UTC 106. Common law of trusts; principles of equity.
- Section 130.030 - UTC 107. Governing law.
- Section 130.035 - UTC 109. Methods of giving notice; waiver of notice.
- Section 130.040 - UTC 110. Other persons treated as qualified beneficiaries.
- Section 130.045 - UTC 111. Nonjudicial settlement agreements.
- Section 130.050 - UTC 201. Role of court in administration of trust.
- Section 130.055 - UTC 202. Jurisdiction over trustee and beneficiary.
- Section 130.060 - UTC 203. Subject-matter jurisdiction.
- Section 130.065 - UTC 204. Venue.
- Section 130.100 - UTC 301. Representation; basic effect.
- Section 130.105 - UTC 302. Representation by holder of testamentary power of appointment.
- Section 130.110 - UTC 303. Representation by fiduciaries and parents.
- Section 130.115 - UTC 304. Representation by person having substantially identical interest.
- Section 130.120 - UTC 305. Appointment of special representative.
- Section 130.150 - UTC 401. Methods of creating trust.
- Section 130.155 - UTC 402. Requirements for creation.
- Section 130.160 - UTC 403. Trusts created in other states, countries or jurisdictions.
- Section 130.165 - UTC 404. Trust purposes.
- Section 130.170 - UTC 405. Charitable trusts; enforcement.
- Section 130.175 - UTC 406. Creation of trust induced by fraud, duress or undue influence.
- Section 130.180 - UTC 407. Evidence of oral trust.
- Section 130.185 - UTC 408. Pet trust.
- Section 130.190 - UTC 409. Noncharitable trust without ascertainable beneficiary.
- Section 130.195 - UTC 410. Modification or termination of trust; proceedings for approval or disapproval.
- Section 130.200 - UTC 411. Modification or termination of irrevocable trust by consent.
- Section 130.205 - UTC 412. Modifications or termination because of unanticipated circumstances or inability to administer trust effectively.
- Section 130.210 - UTC 413. Cy pres.
- Section 130.215 - UTC 414. Modification or termination of uneconomic trust.
- Section 130.220 - UTC 415. Reformation to correct mistakes.
- Section 130.225 - UTC 416. Modification to achieve settlor’s tax objectives.
- Section 130.230 - UTC 417.
- Section 130.232 - Division of trust into separate shares or portions; legal effect.
- Section 130.235 - In terrorem clause.
- Section 130.237 - Abatement due to insufficiency of trust property.
- Section 130.240 - Marital deduction gifts.
- Section 130.300 - UTC 501. Rights of beneficiary’s creditor or assignee.
- Section 130.305 - UTC 502. Spendthrift provision.
- Section 130.310 - UTC 503. Exceptions to spendthrift provisions.
- Section 130.315 - UTC 505. Creditor’s claim against settlor.
- Section 130.320 - UTC 506. Overdue distribution.
- Section 130.325 - UTC 507. Personal obligations of trustee.
- Section 130.350 - Statute of limitations.
- Section 130.355 - Commencement of proceeding.
- Section 130.360 - Limitation on presentation of claims when notice to claimants given.
- Section 130.365 - Publication of notice.
- Section 130.370 - Notice to individual claimants.
- Section 130.375 - Form of claim; evidence in support.
- Section 130.380 - Claim based on debt due or judgment.
- Section 130.385 - Claim on debts not yet due.
- Section 130.390 - Claim on secured debt that is due.
- Section 130.395 - Claim on contingent or unliquidated debt.
- Section 130.400 - Allowance and disallowance of claims.
- Section 130.405 - Creditor may obtain order for payment.
- Section 130.410 - Evidence required to allow court approval of claim disallowed by trustee.
- Section 130.415 - Waiver of statute of limitations.
- Section 130.420 - Tolling of statute of limitations on claim.
- Section 130.425 - Priority of claims.
- Section 130.430 - Applicability of time limitations to public bodies.
- Section 130.435 - Applicability of time limitations to certain claims based on liens against property and liability of settlor or trustee.
- Section 130.440 - Petition to close case.
- Section 130.445 - Dismissal for want of prosecution.
- Section 130.450 - Consolidation of proceedings.
- Section 130.500 - UTC 601. Revocable trusts generally.
- Section 130.505 - UTC 602. Revocation or amendment of revocable trust.
- Section 130.510 - UTC 603. Settlor’s powers; powers of withdrawal.
- Section 130.515 - UTC 604. Limitation on action contesting validity of revocable trust; distribution of trust property.
- Section 130.520 - "Specific distribution" defined for ORS 130.520 to 130.575.
- Section 130.525 - Applicability of ORS 130.530, 130.535 and 130.540 to 130.575.
- Section 130.530 - Effect of marriage.
- Section 130.535 - Revocation by divorce or annulment.
- Section 130.540 - Contract of sale of property not revocation.
- Section 130.545 - Encumbrance or disposition of property after trust instrument executed.
- Section 130.550 - When trust assets pass to descendants of beneficiary; class gifts.
- Section 130.555 - Children of settlors; pretermitted children.
- Section 130.560 - Failure of specific distribution.
- Section 130.565 - Effect of failure of specific distribution.
- Section 130.570 - Advancement against share of trust.
- Section 130.575 - Effect of advancement on distribution.
- Section 130.600 - UTC 701. Acceptance or rejection of trusteeship.
- Section 130.605 - UTC 702. Trustee’s bond.
- Section 130.610 - UTC 703. Cotrustees.
- Section 130.615 - UTC 704. Vacancy in trusteeship; appointment of successor.
- Section 130.620 - UTC 705. Resignation of trustee.
- Section 130.625 - UTC 706. Removal of trustee.
- Section 130.630 - UTC 707. Delivery of property by former trustee; report.
- Section 130.635 - UTC 708. Compensation of trustee.
- Section 130.640 - UTC 709. Reimbursement of expenses.
- Section 130.650 - UTC 801. Duty to administer trust.
- Section 130.655 - UTC 802. Duty of loyalty.
- Section 130.660 - UTC 803. Impartiality.
- Section 130.665 - UTC 804. Prudent administration.
- Section 130.670 - UTC 805. Costs of administration.
- Section 130.675 - UTC 806. Trustee’s skills.
- Section 130.680 - UTC 807. Delegation by trustee.
- Section 130.685 - UTC 808. Powers to direct.
- Section 130.690 - UTC 809. Control and protection of trust property.
- Section 130.695 - UTC 810. Recordkeeping and identification of trust property.
- Section 130.700 - UTC 811. Enforcement and defense of claims.
- Section 130.705 - UTC 812. Collecting trust property.
- Section 130.710 - UTC 813. Duty to inform and report.
- Section 130.715 - UTC 814. Discretionary powers; tax savings; inclusion of capital gains in income.
- Section 130.720 - UTC 815. General powers of trustee.
- Section 130.725 - UTC 816. Specific powers of trustee.
- Section 130.730 - UTC 817. When interest of beneficiary vests; distribution upon termination.
- Section 130.733 - Notice of proposed trustee action to beneficiaries; right of beneficiary to object.
- Section 130.750 - Trustee’s duty to comply with prudent investor rule.
- Section 130.755 - Prudent investor rule.
- Section 130.760 - Diversification of trust investments.
- Section 130.765 - Trustee duty.
- Section 130.770 - Determination of compliance with prudent investor rule.
- Section 130.775 - Trust language authorizing investments permitted under prudent investor rule.
- Section 130.800 - UTC 1001. Remedies for breach of trust.
- Section 130.805 - UTC 1002. Damages for breach of trust.
- Section 130.810 - UTC 1003. Damages in absence of breach.
- Section 130.815 - UTC 1004. Attorney fees and costs.
- Section 130.820 - UTC 1005. Limitation of action against trustee.
- Section 130.825 - UTC 1006. Reliance on trust instrument.
- Section 130.830 - UTC 1007. Event affecting administration or distribution.
- Section 130.835 - UTC 1008. Exculpation of trustee.
- Section 130.840 - UTC 1009. Beneficiary’s consent, release or ratification.
- Section 130.845 - UTC 1010. Limitation on personal liability of trustee.
- Section 130.850 - UTC 1011. Interest as general partner.
- Section 130.855 - UTC 1012. Protection of person dealing with trustee.
- Section 130.860 - UTC 1013. Certification of trust.
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.
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