ORS § 130.545

Current through 2024 Regular Session legislation
Section 130.545 - Encumbrance or disposition of property after trust instrument executed

Unless otherwise provided by the terms of the trust instrument:

(1) A disposition of a portion of property that is subject to a specific distribution does not affect the operation of the trust upon the remaining portion of the property; and
(2) If property subject to a specific distribution is encumbered, the property passes under the specific distribution but is subject to the encumbrance.

ORS 130.545

Formerly 128.382