Oregon § 130.620 UTC 705. Resignation of trustee

Oregon Statutes

§ 130.620 — UTC 705. Resignation of trustee

Oregon § 130.620

Vol.3

Title 13Protective Proceedings; Powers of Attorney; Trusts

Ch. 130Uniform Trust Code

This text of Oregon § 130.620 (UTC 705. Resignation of trustee) 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. § 130.620 (2026).

Text

(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.

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(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.