Or. Rev. Stat. § 130.230
UTC 417. Combination and division of trusts
Oregon · Oregon Revised Statutes Chapter 130 — Uniform Trust Code · Status: effective
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- Citation
- Or. Rev. Stat. § 130.230, UTC 417. Combination and division of trusts, Oregon, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2465022
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Full text
(1) Subject to subsection (2) of this section, a trustee may:
(a) Combine two or more trusts into a single trust by taking into account the pro rata economic interests of each beneficiary of each trust; or
(b) Divide a trust into two or more separate trusts.
(2) In taking any of the actions under subsection (1) of this section, the trustee shall:
(a) Provide notice to all qualified beneficiaries in accordance with ORS 130.733;
(b) Consider the individual rights of each beneficiary;
(c) Exercise due care and prudent judgment;
(d) Consider the terms of the trust instrument and amendments, if any, as well as all applicable statutory law; and
(e) Take the action only if the result does not materially impair the rights of any beneficiary or adversely affect achievement of the intent of the trustor.