A trust may be created only to the extent the purposes of the trust are lawful, not contrary to public policy and possible to achieve. A trust and its terms must be for the benefit of the trust’s beneficiaries.
ORS 130.165
Known as the Oregon Uniform Trust Code
The act spans §§ 130–130 (136 sections).
2005 c.348 §24
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.