ORS § 130.320

Current through 2024 Regular Session legislation effective April 17, 2024
Section 130.320 - UTC 506. Overdue distribution

Whether or not a trust contains a spendthrift provision, a creditor or assignee of a beneficiary may reach a mandatory distribution of income or principal, including a distribution upon termination of the trust, if the trustee has not made the distribution to the beneficiary within a reasonable time after the designated distribution date.

ORS 130.320

2005 c. 348, § 43