Or. Rev. Stat. § 130.620
UTC 705. Resignation of trustee
Oregon · Oregon Revised Statutes Chapter 130 — Uniform Trust Code · Status: effective
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- Or. Rev. Stat. § 130.620, UTC 705. Resignation of trustee, Oregon, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2465075
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(1) A trustee may resign:
(a) After at least 30 days’ notice to the qualified beneficiaries, the settlor, if living, and all cotrustees; or
(b) At any time with the approval of a court.
(2) If a court approves a resignation, the court may issue orders and impose conditions reasonably necessary for the protection of the trust property.
(3) Any liability of a resigning trustee or of any sureties on the trustee’s bond for acts or omissions of the trustee is not discharged or affected by the trustee’s resignation.