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ORS 130.040

Known as the Oregon Uniform Trust Code

The act spans §§ 130–130 (136 sections).

2005 c.348 §10; 2009 c.275 §5; 2019 c.162 §3

(1) A charitable organization expressly designated to receive distributions under the terms of a charitable trust has the rights of a qualified beneficiary under this chapter if the charitable organization is otherwise a qualified beneficiary as defined in ORS 130.010.

(2) A person appointed to enforce a trust created for the care of an animal or another noncharitable purpose as provided in ORS 130.185 or 130.190 has the rights of a qualified beneficiary under this chapter.

(3) A person appointed as a trust enforcer of a stewardship trust as provided in ORS 130.193 has the rights of a qualified beneficiary under this chapter.

(4) The Attorney General has the rights of a qualified beneficiary with respect to a charitable trust having its principal place of administration in Oregon.

Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.