Oregon Revised Statutes Chapter 128 § 128.585 — Personal liability of trustees, shareholders or beneficiaries of business
Oregon Revised Statutes Chapter 128 ·
Oregon Code § 128.585·Enacted ·Last updated March 01, 2026
Statute Text
Personal liability of trustees, shareholders or beneficiaries of business
trust.
The
trustees, shareholders or beneficiaries of a business trust shall not, as such,
be personally liable for any obligations of such business trust arising after
June 25, 1971. Persons becoming trustees, shareholders or beneficiaries after
June 25, 1971, shall not be personally liable, as such, for obligations of the
business trust existing on June 25, 1971. [1971 c.491 §6; 1973 c.367 §14]
Plain English Explanation
This Oregon statute addresses Personal liability of trustees, shareholders or beneficiaries of business
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 128.585
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Personal liability of trustees, shareholders or beneficiaries of business
. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 128.585. Use this format in legal documents and court filings.
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