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ORS 130.640

Known as the Oregon Uniform Trust Code

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

Applied in 1 court decision — leading case 305 Or. App. 174 - Stachlowski v. 1000 Broadway Building LP (2020)

Most recently applied in 305 Or. App. 174 - Stachlowski v. 1000 Broadway Building LP (July 2020)

2005 c.348 §58

(1) A trustee is entitled to be reimbursed out of the trust property, with reasonable interest if appropriate, for:

(a) Expenses that were properly incurred in the administration of the trust; and

(b) To the extent necessary to prevent unjust enrichment of the trust, expenses that were not properly incurred in the administration of the trust.

(2) A trustee is entitled to be reimbursed out of the trust property or from property that has been distributed from the trust, with reasonable interest, for an advance of money made by the trustee for the protection of the trust.

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