(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]
Structure 2021 Oregon Revised Statutes
Volume : 03 - Landlord-Tenant, Domestic Relations, Probate
Chapter 130 - Uniform Trust Code
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 130.030 - 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 130.065 - UTC 204. Venue.
Section 130.100 - UTC 301. Representation; basic effect.
Section 130.110 - UTC 303. Representation by fiduciaries and parents.
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 130.170 - UTC 405. Charitable trusts; enforcement.
Section 130.185 - UTC 408. Pet trust.
Section 130.190 - UTC 409. Noncharitable trust without ascertainable beneficiary.
Section 130.193 - Stewardship trust.
Section 130.200 - UTC 411. Modification or termination of irrevocable trust by consent.
Section 130.210 - UTC 413. Cy pres.
Section 130.215 - UTC 414. Modification or termination of uneconomic trust.
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 130.305 - UTC 502. Spendthrift provision.
Section 130.310 - UTC 503. Exceptions to spendthrift provisions.
Section 130.315 - UTC 505. Creditor’s claim against settlor.
Section 130.350 - 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 130.390 - 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 130.425 - Priority of claims.
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 130.525 - Applicability of ORS 130.530, 130.535 and 130.540 to 130.575.
Section 130.535 - Revocation by divorce or annulment.
Section 130.545 - Encumbrance or disposition of property after trust instrument executed.
Section 130.555 - Children of settlors; pretermitted children.
Section 130.560 - Failure of specific distribution.
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 130.680 - UTC 807. Delegation by trustee.
Section 130.685 - UTC 808. Powers to direct.
Section 130.695 - UTC 810. Recordkeeping and identification of 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 130.735 - Appointment of adviser; liability of trustee.
Section 130.750 - Trustee’s duty to comply with prudent investor rule.
Section 130.755 - 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 130.820 - UTC 1005. Limitation of action against trustee.
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.
Section 130.900 - Uniformity of application and construction.
Section 130.905 - UTC 1102. Electronic records and signatures.