ORS 130.230: UTC 417. Combination and division of trusts.

(1) Subject to subsection (2) of this section, a trustee may:

      (a) Combine two or more trusts into a single trust by taking into account the pro rata economic interests of each beneficiary of each trust; or

      (b) Divide a trust into two or more separate trusts.

      (2) In taking any of the actions under subsection (1) of this section, the trustee shall:

      (a) Provide notice to all qualified beneficiaries in accordance with ORS 130.733;

      (b) Consider the individual rights of each beneficiary;

      (c) Exercise due care and prudent judgment;

      (d) Consider the terms of the trust instrument and amendments, if any, as well as all applicable statutory law; and

      (e) Take the action only if the result does not materially impair the rights of any beneficiary or adversely affect achievement of the intent of the trustor.