Oregon Revised Statutes Chapter 130 § 130.620 — UTC
Oregon Revised Statutes Chapter 130 ·
Oregon Code § 130.620·Enacted ·Last updated March 01, 2026
Statute Text
UTC
705. Resignation of trustee.
(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 trustees bond for acts or
omissions of the trustee is not discharged or affected by the trustees
resignation. [2005 c.348 §54]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 130.620
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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