ORS 130.195¹
UTC 410. Modification or termination of trust
  • proceedings for approval or disapproval

(1) In addition to the methods of termination prescribed by ORS 130.045 (UTC 111. Nonjudicial settlement agreements), 130.200 (UTC 411. Modification or termination of irrevocable trust by consent), 130.205 (UTC 412. Modifications or termination because of unanticipated circumstances or inability to administer trust effectively), 130.210 (UTC 413. Cy pres) and 130.215 (UTC 414. Modification or termination of uneconomic trust), a trust terminates:

(a) To the extent the trust is revoked or expires pursuant to the terms of the trust;

(b) If no purpose of the trust remains to be achieved; or

(c) To the extent one or more of the purposes of the trust have become unlawful, contrary to public policy or impossible to achieve.

(2) A proceeding to approve or disapprove a proposed modification or termination under ORS 130.045 (UTC 111. Nonjudicial settlement agreements), 130.200 (UTC 411. Modification or termination of irrevocable trust by consent), 130.205 (UTC 412. Modifications or termination because of unanticipated circumstances or inability to administer trust effectively), 130.210 (UTC 413. Cy pres), 130.215 (UTC 414. Modification or termination of uneconomic trust), 130.220 (UTC 415. Reformation to correct mistakes) and 130.225 (UTC 416. Modification to achieve settlor’s tax objectives), or trust combination or division under ORS 130.230 (UTC 417. Combination and division of trusts), may be commenced by a trustee or beneficiary. A proceeding to approve or disapprove a proposed modification or termination under ORS 130.200 (UTC 411. Modification or termination of irrevocable trust by consent) may be commenced by the settlor. The settlor of a charitable trust may maintain a proceeding to modify the trust under ORS 130.210 (UTC 413. Cy pres). [2005 c.348 §30; 2009 c.275 §10; 2013 c.529 §4]

Law Review Cita­tions

42 WLR 187 (2006)

Chapter 130

Law Review Cita­tions

42 WLR 187 (2006)

1 Legislative Counsel Committee, CHAPTER 130—Uniform Trust Code Uniform Trust Code, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors130.­html (2019) (last ac­cessed May 16, 2020).
 
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2019, Chapter 130, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ano130.­html (2019) (last ac­cessed May 16, 2020).
 
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent. Currency Information