Uniform Trust Code

ORS 130.620
UTC 705. Resignation of trustee


(1)

A trustee may resign:

(a)

After at least 30 days’ notice to the qualified beneficiaries, the settlor, if living, and all cotrustees; or

(b)

At any time with the approval of a court.

(2)

If a court approves a resignation, the court may issue orders and impose conditions reasonably necessary for the protection of the trust property.

(3)

Any liability of a resigning trustee or of any sureties on the trustee’s bond for acts or omissions of the trustee is not discharged or affected by the trustee’s resignation. [2005 c.348 §54]

Law Review Citations

42 WLR 187 (2006)

Chapter 130

Law Review Citations

42 WLR 187 (2006)


Source

Last accessed
Jun. 26, 2021