State Codes and Statutes

Statutes > Oregon > Vol3 > 130

Chapter 130 — UniformTrust Code

 

2009 EDITION

 

UNIFORMTRUST CODE

 

PROTECTIVEPROCEEDINGS; POWERS OF ATTORNEY; TRUSTS

 

GENERALPROVISIONS AND DEFINITIONS

 

130.001     UTC101. Short title

 

130.005     UTC102. Scope

 

130.010     UTC103. Definitions

 

130.015     UTC104. Knowledge

 

130.020     UTC105. Default and mandatory rules

 

130.022     UTC108. Principal place of administration

 

130.025     UTC106. Common law of trusts; principles of equity

 

130.030     UTC107. Governing law

 

130.035     UTC109. Methods of giving notice; waiver of notice

 

130.040     UTC110. Other persons treated as qualified beneficiaries

 

130.045     UTC111. Nonjudicial settlement agreements

 

JUDICIALPROCEEDINGS

 

130.050     UTC201. Role of court in administration of trust

 

130.055     UTC202. Jurisdiction over trustee and beneficiary

 

130.060     UTC203. Subject-matter jurisdiction

 

130.065     UTC204. Venue

 

REPRESENTATION

 

130.100     UTC301. Representation; basic effect

 

130.105     UTC302. Representation by holder of testamentary power of appointment

 

130.110     UTC303. Representation by fiduciaries and parents

 

130.115     UTC304. Representation by person having substantially identical interest

 

130.120     UTC305. Appointment of special representative

 

CREATION,VALIDITY, MODIFICATION AND TERMINATION OF TRUST

 

130.150     UTC401. Methods of creating trust

 

130.155     UTC402. Requirements for creation

 

130.160     UTC403. Trusts created in other states, countries or jurisdictions

 

130.165     UTC404. Trust purposes

 

130.170     UTC405. Charitable purposes; enforcement

 

130.175     UTC406. Creation of trust induced by fraud, duress or undue influence

 

130.180     UTC407. Evidence of oral trust

 

130.185     UTC408. Pet trust

 

130.190     UTC409. Noncharitable trust without ascertainable beneficiary

 

130.195     UTC410. Modification or termination of trust; proceedings for approval ordisapproval

 

130.200     UTC411. Modification or termination of irrevocable trust by consent

 

130.205     UTC412. Modifications or termination because of unanticipated circumstances orinability to administer trust effectively

 

130.210     UTC413. Cy pres

 

130.215     UTC414. Modification or termination of uneconomic trust

 

130.220     UTC415. Reformation to correct mistakes

 

130.225     UTC416. Modification to achieve settlor’s tax objectives

 

130.230     UTC417. Combination and division of trusts

 

130.235     Interrorem clause

 

130.240     Maritaldeduction gifts

 

CREDITOR’SCLAIMS; SPENDTHRIFT AND DISCRETIONARY TRUSTS

 

130.300     UTC501. Rights of beneficiary’s creditor or assignee

 

130.305     UTC502. Spendthrift provision

 

130.310     UTC503. Exceptions to spendthrift provisions

 

130.315     UTC505. Creditor’s claim against settlor

 

130.320     UTC506. Overdue distribution

 

130.325     UTC507. Personal obligations of trustee

 

CLAIMSAGAINST TRUST BASED ON DEBTS OF SETTLOR

 

130.350     Statuteof limitations

 

130.355     Commencementof proceeding

 

130.360     Limitationon presentation of claims when notice to claimants given

 

130.365     Publicationof notice

 

130.370     Noticeto individual claimants

 

130.375     Formof claim; evidence in support

 

130.380     Claimbased on debt due or judgment

 

130.385     Claimon debts not yet due

 

130.390     Claimon secured debt that is due

 

130.395     Claimon contingent or unliquidated debt

 

130.400     Allowanceand disallowance of claims

 

130.405     Creditormay obtain order for payment

 

130.410     Evidencerequired to allow court approval of claim disallowed by trustee

 

130.415     Waiverof statute of limitations

 

130.420     Tollingof statute of limitations on claim

 

130.425     Priorityof claims

 

130.430     Applicabilityof time limitations to public bodies

 

130.435     Applicabilityof time limitations to certain claims based on liens against property andliability of settlor or trustee

 

130.440     Petitionto close case

 

130.445     Dismissalfor want of prosecution

 

130.450     Consolidationof proceedings

 

REVOCABLETRUSTS

 

130.500     UTC601. Revocable trusts generally

 

130.505     UTC602. Revocation or amendment of revocable trust

 

130.510     UTC603. Settlor’s powers; powers of withdrawal

 

130.515     UTC604. Limitation on action contesting validity of revocable trust; distributionof trust property

 

RULESGOVERNING REVOCABLE TRUSTS

 

130.520     Definitionfor ORS 130.520 to 130.575

 

130.525     Applicabilityof ORS 130.520 to 130.575

 

130.530     Effectof marriage

 

130.535     Revocationby divorce or annulment

 

130.540     Contractof sale of property not revocation

 

130.545     Encumbranceor disposition of property after trust instrument executed

 

130.550     Whentrust assets pass to descendants of beneficiary; class gifts

 

130.555     Childrenborn or adopted after execution of trust instrument

 

130.560     Failureof specific distribution

 

130.565     Effectof failure of specific distribution

 

130.570     Advancementagainst share of trust

 

130.575     Effectof advancement on distribution

 

OFFICEOF TRUSTEE

 

130.600     UTC701. Acceptance or rejection of trusteeship

 

130.605     UTC702. Trustee’s bond

 

130.610     UTC703. Cotrustees

 

130.615     UTC704. Vacancy in trusteeship; appointment of successor

 

130.620     UTC705. Resignation of trustee

 

130.625     UTC706. Removal of trustee

 

130.630     UTC707. Delivery of property by former trustee

 

130.635     UTC708. Compensation of trustee

 

130.640     UTC709. Reimbursement of expenses

State Codes and Statutes

Statutes > Oregon > Vol3 > 130

Chapter 130 — UniformTrust Code

 

2009 EDITION

 

UNIFORMTRUST CODE

 

PROTECTIVEPROCEEDINGS; POWERS OF ATTORNEY; TRUSTS

 

GENERALPROVISIONS AND DEFINITIONS

 

130.001     UTC101. Short title

 

130.005     UTC102. Scope

 

130.010     UTC103. Definitions

 

130.015     UTC104. Knowledge

 

130.020     UTC105. Default and mandatory rules

 

130.022     UTC108. Principal place of administration

 

130.025     UTC106. Common law of trusts; principles of equity

 

130.030     UTC107. Governing law

 

130.035     UTC109. Methods of giving notice; waiver of notice

 

130.040     UTC110. Other persons treated as qualified beneficiaries

 

130.045     UTC111. Nonjudicial settlement agreements

 

JUDICIALPROCEEDINGS

 

130.050     UTC201. Role of court in administration of trust

 

130.055     UTC202. Jurisdiction over trustee and beneficiary

 

130.060     UTC203. Subject-matter jurisdiction

 

130.065     UTC204. Venue

 

REPRESENTATION

 

130.100     UTC301. Representation; basic effect

 

130.105     UTC302. Representation by holder of testamentary power of appointment

 

130.110     UTC303. Representation by fiduciaries and parents

 

130.115     UTC304. Representation by person having substantially identical interest

 

130.120     UTC305. Appointment of special representative

 

CREATION,VALIDITY, MODIFICATION AND TERMINATION OF TRUST

 

130.150     UTC401. Methods of creating trust

 

130.155     UTC402. Requirements for creation

 

130.160     UTC403. Trusts created in other states, countries or jurisdictions

 

130.165     UTC404. Trust purposes

 

130.170     UTC405. Charitable purposes; enforcement

 

130.175     UTC406. Creation of trust induced by fraud, duress or undue influence

 

130.180     UTC407. Evidence of oral trust

 

130.185     UTC408. Pet trust

 

130.190     UTC409. Noncharitable trust without ascertainable beneficiary

 

130.195     UTC410. Modification or termination of trust; proceedings for approval ordisapproval

 

130.200     UTC411. Modification or termination of irrevocable trust by consent

 

130.205     UTC412. Modifications or termination because of unanticipated circumstances orinability to administer trust effectively

 

130.210     UTC413. Cy pres

 

130.215     UTC414. Modification or termination of uneconomic trust

 

130.220     UTC415. Reformation to correct mistakes

 

130.225     UTC416. Modification to achieve settlor’s tax objectives

 

130.230     UTC417. Combination and division of trusts

 

130.235     Interrorem clause

 

130.240     Maritaldeduction gifts

 

CREDITOR’SCLAIMS; SPENDTHRIFT AND DISCRETIONARY TRUSTS

 

130.300     UTC501. Rights of beneficiary’s creditor or assignee

 

130.305     UTC502. Spendthrift provision

 

130.310     UTC503. Exceptions to spendthrift provisions

 

130.315     UTC505. Creditor’s claim against settlor

 

130.320     UTC506. Overdue distribution

 

130.325     UTC507. Personal obligations of trustee

 

CLAIMSAGAINST TRUST BASED ON DEBTS OF SETTLOR

 

130.350     Statuteof limitations

 

130.355     Commencementof proceeding

 

130.360     Limitationon presentation of claims when notice to claimants given

 

130.365     Publicationof notice

 

130.370     Noticeto individual claimants

 

130.375     Formof claim; evidence in support

 

130.380     Claimbased on debt due or judgment

 

130.385     Claimon debts not yet due

 

130.390     Claimon secured debt that is due

 

130.395     Claimon contingent or unliquidated debt

 

130.400     Allowanceand disallowance of claims

 

130.405     Creditormay obtain order for payment

 

130.410     Evidencerequired to allow court approval of claim disallowed by trustee

 

130.415     Waiverof statute of limitations

 

130.420     Tollingof statute of limitations on claim

 

130.425     Priorityof claims

 

130.430     Applicabilityof time limitations to public bodies

 

130.435     Applicabilityof time limitations to certain claims based on liens against property andliability of settlor or trustee

 

130.440     Petitionto close case

 

130.445     Dismissalfor want of prosecution

 

130.450     Consolidationof proceedings

 

REVOCABLETRUSTS

 

130.500     UTC601. Revocable trusts generally

 

130.505     UTC602. Revocation or amendment of revocable trust

 

130.510     UTC603. Settlor’s powers; powers of withdrawal

 

130.515     UTC604. Limitation on action contesting validity of revocable trust; distributionof trust property

 

RULESGOVERNING REVOCABLE TRUSTS

 

130.520     Definitionfor ORS 130.520 to 130.575

 

130.525     Applicabilityof ORS 130.520 to 130.575

 

130.530     Effectof marriage

 

130.535     Revocationby divorce or annulment

 

130.540     Contractof sale of property not revocation

 

130.545     Encumbranceor disposition of property after trust instrument executed

 

130.550     Whentrust assets pass to descendants of beneficiary; class gifts

 

130.555     Childrenborn or adopted after execution of trust instrument

 

130.560     Failureof specific distribution

 

130.565     Effectof failure of specific distribution

 

130.570     Advancementagainst share of trust

 

130.575     Effectof advancement on distribution

 

OFFICEOF TRUSTEE

 

130.600     UTC701. Acceptance or rejection of trusteeship

 

130.605     UTC702. Trustee’s bond

 

130.610     UTC703. Cotrustees

 

130.615     UTC704. Vacancy in trusteeship; appointment of successor

 

130.620     UTC705. Resignation of trustee

 

130.625     UTC706. Removal of trustee

 

130.630     UTC707. Delivery of property by former trustee

 

130.635     UTC708. Compensation of trustee

 

130.640     UTC709. Reimbursement of expenses

{"@context":"https://schema.org","@graph":[{"@type":"WebPage","@id":"https://statutes.laws.com/test/","url":"https://statutes.laws.com/test/","name":"State Codes and Statutes - Statutes","isPartOf":{"@id":"https://statutes.laws.com/#website"},"datePublished":"2015-03-10T03:31:37+00:00","dateModified":"2019-12-27T23:25:16+00:00","breadcrumb":{"@id":"https://statutes.laws.com/test/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https://statutes.laws.com/test/"]}]},{"@type":"BreadcrumbList","@id":"https://statutes.laws.com/test/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://statutes.laws.com/"},{"@type":"ListItem","position":2,"name":"State Codes and Statutes"}]},{"@type":"WebSite","@id":"https://statutes.laws.com/#website","url":"https://statutes.laws.com/","name":"Statutes","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://statutes.laws.com/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"}]}


State Codes and Statutes

State Codes and Statutes

Statutes > Oregon > Vol3 > 130

Chapter 130 — UniformTrust Code

 

2009 EDITION

 

UNIFORMTRUST CODE

 

PROTECTIVEPROCEEDINGS; POWERS OF ATTORNEY; TRUSTS

 

GENERALPROVISIONS AND DEFINITIONS

 

130.001     UTC101. Short title

 

130.005     UTC102. Scope

 

130.010     UTC103. Definitions

 

130.015     UTC104. Knowledge

 

130.020     UTC105. Default and mandatory rules

 

130.022     UTC108. Principal place of administration

 

130.025     UTC106. Common law of trusts; principles of equity

 

130.030     UTC107. Governing law

 

130.035     UTC109. Methods of giving notice; waiver of notice

 

130.040     UTC110. Other persons treated as qualified beneficiaries

 

130.045     UTC111. Nonjudicial settlement agreements

 

JUDICIALPROCEEDINGS

 

130.050     UTC201. Role of court in administration of trust

 

130.055     UTC202. Jurisdiction over trustee and beneficiary

 

130.060     UTC203. Subject-matter jurisdiction

 

130.065     UTC204. Venue

 

REPRESENTATION

 

130.100     UTC301. Representation; basic effect

 

130.105     UTC302. Representation by holder of testamentary power of appointment

 

130.110     UTC303. Representation by fiduciaries and parents

 

130.115     UTC304. Representation by person having substantially identical interest

 

130.120     UTC305. Appointment of special representative

 

CREATION,VALIDITY, MODIFICATION AND TERMINATION OF TRUST

 

130.150     UTC401. Methods of creating trust

 

130.155     UTC402. Requirements for creation

 

130.160     UTC403. Trusts created in other states, countries or jurisdictions

 

130.165     UTC404. Trust purposes

 

130.170     UTC405. Charitable purposes; enforcement

 

130.175     UTC406. Creation of trust induced by fraud, duress or undue influence

 

130.180     UTC407. Evidence of oral trust

 

130.185     UTC408. Pet trust

 

130.190     UTC409. Noncharitable trust without ascertainable beneficiary

 

130.195     UTC410. Modification or termination of trust; proceedings for approval ordisapproval

 

130.200     UTC411. Modification or termination of irrevocable trust by consent

 

130.205     UTC412. Modifications or termination because of unanticipated circumstances orinability to administer trust effectively

 

130.210     UTC413. Cy pres

 

130.215     UTC414. Modification or termination of uneconomic trust

 

130.220     UTC415. Reformation to correct mistakes

 

130.225     UTC416. Modification to achieve settlor’s tax objectives

 

130.230     UTC417. Combination and division of trusts

 

130.235     Interrorem clause

 

130.240     Maritaldeduction gifts

 

CREDITOR’SCLAIMS; SPENDTHRIFT AND DISCRETIONARY TRUSTS

 

130.300     UTC501. Rights of beneficiary’s creditor or assignee

 

130.305     UTC502. Spendthrift provision

 

130.310     UTC503. Exceptions to spendthrift provisions

 

130.315     UTC505. Creditor’s claim against settlor

 

130.320     UTC506. Overdue distribution

 

130.325     UTC507. Personal obligations of trustee

 

CLAIMSAGAINST TRUST BASED ON DEBTS OF SETTLOR

 

130.350     Statuteof limitations

 

130.355     Commencementof proceeding

 

130.360     Limitationon presentation of claims when notice to claimants given

 

130.365     Publicationof notice

 

130.370     Noticeto individual claimants

 

130.375     Formof claim; evidence in support

 

130.380     Claimbased on debt due or judgment

 

130.385     Claimon debts not yet due

 

130.390     Claimon secured debt that is due

 

130.395     Claimon contingent or unliquidated debt

 

130.400     Allowanceand disallowance of claims

 

130.405     Creditormay obtain order for payment

 

130.410     Evidencerequired to allow court approval of claim disallowed by trustee

 

130.415     Waiverof statute of limitations

 

130.420     Tollingof statute of limitations on claim

 

130.425     Priorityof claims

 

130.430     Applicabilityof time limitations to public bodies

 

130.435     Applicabilityof time limitations to certain claims based on liens against property andliability of settlor or trustee

 

130.440     Petitionto close case

 

130.445     Dismissalfor want of prosecution

 

130.450     Consolidationof proceedings

 

REVOCABLETRUSTS

 

130.500     UTC601. Revocable trusts generally

 

130.505     UTC602. Revocation or amendment of revocable trust

 

130.510     UTC603. Settlor’s powers; powers of withdrawal

 

130.515     UTC604. Limitation on action contesting validity of revocable trust; distributionof trust property

 

RULESGOVERNING REVOCABLE TRUSTS

 

130.520     Definitionfor ORS 130.520 to 130.575

 

130.525     Applicabilityof ORS 130.520 to 130.575

 

130.530     Effectof marriage

 

130.535     Revocationby divorce or annulment

 

130.540     Contractof sale of property not revocation

 

130.545     Encumbranceor disposition of property after trust instrument executed

 

130.550     Whentrust assets pass to descendants of beneficiary; class gifts

 

130.555     Childrenborn or adopted after execution of trust instrument

 

130.560     Failureof specific distribution

 

130.565     Effectof failure of specific distribution

 

130.570     Advancementagainst share of trust

 

130.575     Effectof advancement on distribution

 

OFFICEOF TRUSTEE

 

130.600     UTC701. Acceptance or rejection of trusteeship

 

130.605     UTC702. Trustee’s bond

 

130.610     UTC703. Cotrustees

 

130.615     UTC704. Vacancy in trusteeship; appointment of successor

 

130.620     UTC705. Resignation of trustee

 

130.625     UTC706. Removal of trustee

 

130.630     UTC707. Delivery of property by former trustee

 

130.635     UTC708. Compensation of trustee

 

130.640     UTC709. Reimbursement of expenses