2015 ORS § 709.240¹
Oath and bond exemption for trust company appointed as fiduciary

An official oath or indemnity bond or other security shall not be required when a trust company is appointed as fiduciary or during the administration of the trust except as required by ORS 709.030 (Approval to transact trust business) and 709.130 (Indemnity bond when cash and securities of fiduciary account exceed stockholders equity or members equity in trust company). [Amended by 1973 c.797 §201; 1973 c.823 §144; 1974 c.36 §26]