Uniform Trust Code

ORS 130.525
Applicability of ORS 130.530, 130.535 and 130.540 to 130.575


(1)

ORS 130.530 (Effect of marriage) and 130.535 (Revocation by divorce or annulment) apply only to a trust, or portion of a trust:

(a)

That comes into existence during the settlor’s lifetime; and

(b)

Is a revocable trust on the occurrence of any of the events described in ORS 130.530 (Effect of marriage) or 130.535 (Revocation by divorce or annulment).

(2)

ORS 130.540 (Contract of sale of property not revocation) to 130.575 (Effect of advancement on distribution) apply only to a trust, or a portion of a trust, that comes into existence during the settlor’s lifetime and that was a revocable trust at the time of the settlor’s death. [2005 c.348 §110; 2013 c.529 §10]
Chapter 130

Law Review Citations

42 WLR 187 (2006)


Source

Last accessed
Jun. 26, 2021