Oregon § 105.965 Exclusions from statutory rule against perpetuities

Oregon Statutes

§ 105.965 — Exclusions from statutory rule against perpetuities

Oregon § 105.965

Vol.3

Title 10Property Rights and Transactions

Ch. 105Property Rights

This text of Oregon § 105.965 (Exclusions from statutory rule against perpetuities) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 105.965 (2026).

Text

ORS 105.950, statutory rule against perpetuities, does not apply to:

(1)A nonvested property interest or a power of appointment arising out of a nondonative transfer, except a nonvested property interest or a power of appointment arising out of:

(a)A premarital or postmarital agreement;

(b)A separation or divorce settlement;

(c)A spouse’s election;

(d)A similar arrangement arising out of a prospective existing or previous marital relationship between the parties;

(e)A contract to make or not to revoke a will or trust;

(f)A contract to exercise or not to exercise a power of appointment;

(g)A transfer in satisfaction of a duty of support; or

(h)A reciprocal transfer;

(2)A fiduciary’s power relating to the administration or management of assets, including the power of a fiduciary to

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ORS 105.950, statutory rule against perpetuities, does not apply to:
(1) A nonvested property interest or a power of appointment arising out of a nondonative transfer, except a nonvested property interest or a power of appointment arising out of:
(a) A premarital or postmarital agreement;
(b) A separation or divorce settlement;
(c) A spouse’s election;
(d) A similar arrangement arising out of a prospective existing or previous marital relationship between the parties;
(e) A contract to make or not to revoke a will or trust;
(f) A contract to exercise or not to exercise a power of appointment;
(g) A transfer in satisfaction of a duty of support; or
(h) A reciprocal transfer;
(2) A fiduciary’s power relating to the administration or management of assets, including the power of a fiduciary to sell, lease or mortgage property, and the power of a fiduciary to determine principal and income;
(3) A power to appoint a fiduciary;
(4) A discretionary power of a trustee to distribute principal before termination of a trust to a beneficiary having an indefeasibly vested interest in the income and principal;
(5) A nonvested property interest held by a charity, government or governmental agency or subdivision, if the nonvested property interest is preceded by an interest held by another charity, government or governmental agency or subdivision;
(6) A nonvested property interest in or a power of appointment with respect to a trust or other property arrangement forming part of a pension, profit sharing, stock bonus, health, disability, death benefit, income deferral or other current or deferred benefit plan for one or more employees, independent contractors or their beneficiaries or spouses, to which contributions are made for the purpose of distributing to or for the benefit of the participants or their beneficiaries or spouses the property, income or principal in the trust or other property arrangement, except a nonvested property interest or a power of appointment that is created by an election of a participant or a beneficiary or spouse;
(7) A property interest, power of appointment or arrangement that was not subject to the common-law rule against perpetuities or is excluded by another statute of this state; or
(8) A stewardship trust created pursuant to ORS 130.193 if the terms of the trust clearly elect that the statutory rule against perpetuities not apply to the trust and include a reference to this subsection.