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2017 Oregon Revised Statutes
Volume : 03 - Landlord-Tenant, Domestic Relations, Probate
Chapter 130 - Uniform Trust Code
Section 130.620 - UTC 705. Resignation of trustee.
Universal Citation: OR Rev Stat § 130.620 (2017)
(1) A trustee may resign:
(a) After at least 30 days’ notice to the qualified beneficiaries, the settlor, if living, and all cotrustees; or
(b) At any time with the approval of a court.
(2) If a court approves a resignation, the court may issue orders and impose conditions reasonably necessary for the protection of the trust property.
(3) Any liability of a resigning trustee or of any sureties on the trustee’s bond for acts or omissions of the trustee is not discharged or affected by the trustee’s resignation. [2005 c.348 §54]
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