2015 ORS 130.350¹
Statute of limitations

(1) Claims against a trust described in subsection (2) of this section that are not presented within the time limitations established under ORS 130.360 (Limitation on presentation of claims when notice to claimants given) or within the statute of limitations applicable to the claim, whichever is earlier, are barred from payment from the trust estate.

(2) ORS 130.350 (Statute of limitations) to 130.450 (Consolidation of proceedings) apply only if:

(a) A claim is made against assets of a trust;

(b) The trust came into existence during the settlors lifetime and was a revocable trust at any time after the trust was created and before the death of the settlor;

(c) The claim is based on the debts or liabilities of the settlor; and

(d) The claim is made against the assets of the trust after the death of the settlor.

(3) ORS 130.350 (Statute of limitations) to 130.450 (Consolidation of proceedings) apply to all claims against a trust described in subsection (2) of this section, without regard to whether the claims are contingent, unliquidated or not yet due. [Formerly 128.256]

Chapter 130

Law Review Cita­tions

42 WLR 187 (2006)


1 Legislative Counsel Committee, CHAPTER 130—Uniform Trust Code, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors130.­html (2015) (last ac­cessed Jul. 16, 2016).
 
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2015, Chapter 130, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ano130.­html (2015) (last ac­cessed Jul. 16, 2016).
 
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.