Section 130.525 - Applicability of ORS 130.530, 130.535 and 130.540 to 130.575(1) ORS 130.530 and 130.535 apply only to a trust, or portion of a trust: (a) That comes into existence during the settlor's lifetime; and(b) Is a revocable trust on the occurrence of any of the events described in ORS 130.530 or 130.535.(2) ORS 130.540 to 130.575 apply only to a trust, or a portion of a trust, that comes into existence during the settlor's lifetime and that was a revocable trust at the time of the settlor's death.Amended by 2013 Ch. 529,§ 10, eff. 6/26/2013.