ORS § 130.840

Current through 2024 Regular Session legislation

Section 130.840 - UTC 1009. Beneficiary's consent, release or ratification

If a beneficiary consents to conduct of a trustee that constitutes a breach of trust, releases a trustee from liability for a breach of trust or ratifies a transaction entered into by a trustee that constitutes a breach of trust, the trustee is not liable to the beneficiary for the breach of trust unless:

(1) The consent, release or ratification of the beneficiary was induced by improper conduct of the trustee; or

(2) At the time of the consent, release or ratification, the beneficiary did not know of the beneficiary's rights or know of the material facts relating to the breach.

ORS 130.840

2005 c. 348, § 91