Filing of trust instrument as conclusive evidence of compliance with laws
- • exception
For purposes of ORS 128.585 (Personal liability of trustees, shareholders or beneficiaries of business trust), filing of the trust instrument by the Secretary of State shall be conclusive evidence that all conditions precedent required to be performed by the business trust have been complied with and that the business trust is authorized to do business in this state, except as against this state in a proceeding to cancel or revoke the filing for violations of the provisions of ORS 128.580 (Business trusts subject to certain corporate laws). [1971 c.491 §7; 1985 c.728 §82]
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