GroundRules
ORS 130.620: UTC 705. Resignation of trustee.
Where this section sits in the code
- 03 - Landlord-Tenant, Domestic Relations, Probate
- 13. Protective Proceedings; Powers of Attorney; Trusts
- Chapter 130 — Uniform Trust Code
(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.
Collected 2026-09-03T23:50:11Z. Source file · JSON