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ORS 130.545

Known as the Oregon Uniform Trust Code

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

Formerly 128.382

Unless otherwise provided by the terms of the trust instrument:

(1) A disposition of a portion of property that is subject to a specific distribution does not affect the operation of the trust upon the remaining portion of the property; and

(2) If property subject to a specific distribution is encumbered, the property passes under the specific distribution but is subject to the encumbrance.

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