Oregon Revised Statutes Chapter 130 § 130.605 — UTC
Oregon Revised Statutes Chapter 130 ·
Oregon Code § 130.605·Enacted ·Last updated March 01, 2026
Statute Text
UTC
702. Trustees bond.
(1) A trustee shall acquire a bond to secure performance of the trustees
duties only if a bond is required by the terms of the trust or if a court finds
that a bond is needed to protect the interests of the beneficiaries. A court
may waive a bond required by the terms of a trust if the court finds that a
bond is not needed to protect the interests of the beneficiaries.
(2) The court may
specify the amount and terms of a bond. The court may modify or terminate any
requirement for a bond at any time.
(3) A trust
company as defined in ORS 706.008 need not give a bond, even if required by the
terms of the trust. [2005 c.348 §51]
Plain English Explanation
This Oregon statute addresses UTC
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 130.605
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses UTC
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