ORS § 130.620

Current through 2024 Regular Session legislation effective April 17, 2024
Section 130.620 - 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 trustee's bond for acts or omissions of the trustee is not discharged or affected by the trustee's resignation.

ORS 130.620

2005 c. 348, § 54