Oregon Revised Statutes Chapter 130 § 130.215 — UTC
Oregon Revised Statutes Chapter 130 ·
Oregon Code § 130.215·Enacted ·Last updated March 01, 2026
Statute Text
UTC
414. Modification or termination of uneconomic trust.
(1) After notice to the qualified
beneficiaries, a trustee may terminate a trust if the trustee concludes that
the value of the trust property is insufficient to justify the cost of
administration. A trustee may not terminate a trust under this section if the
trustee is a qualified beneficiary of the trust or has a duty of support for a
qualified beneficiary of the trust.
(2) The court may
modify or terminate a trust, or remove the trustee and appoint a different
trustee, if the court finds that the value of the trust property is
insufficient to justify the cost of administration.
(3) Upon
termination of a trust under this section, the trustee shall distribute the
trust property in a manner consistent with the purposes of the trust.
(4) This section
does not apply to an easement for conservation or preservation. [2005 c.348 §34;
2013 c.529 §6]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 130.215
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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