2021 Oregon Revised Statutes
Chapter 130 - Uniform Trust Code
Section 130.900 - Uniformity of application and construction.


Note: 130.900 to 130.910 were enacted into law by the Legislative Assembly but were not added to or made a part of ORS chapter 130 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.

Structure 2021 Oregon Revised Statutes

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 130.195 - 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 130.230 - 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 130.305 - 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 130.435 - 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 130.518 - Creditor protections retained upon conveyance of property held as tenants by the entirety to revocable trust.

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 130.733 - Notice of proposed trustee action to beneficiaries; right of beneficiary to object.

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.

Section 130.910 - UTC 1106. Application.