Uniform Trust Code

ORS 130.545
Encumbrance or disposition of property after trust instrument executed


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. [Formerly 128.382]
Chapter 130

Law Review Citations

42 WLR 187 (2006)


Source

Last accessed
Jun. 26, 2021