130.525 Applicability of ORS 130
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/or/ors-chapter-130/uniform-trust-code/rules-governing-revocable-trusts/130-525·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
130.525 Applicability of ORS 130.530, 130.535 and 130.540 to 130.575.
(1)ORS 130.530 and 130.535 apply only to a trust, or portion of a trust:
(a)That comes into existence during the settlor’s lifetime; and
(b)Is a revocable trust on the occurrence of any of the events described in ORS 130.530 or 130.535.
(2)ORS 130.540 to 130.575 apply only to a trust, or a portion of a trust, that comes into existence during the settlor’s lifetime and that was a revocable trust at the time of the settlor’s death. [2005 c.348 §110; 2013 c.529 §10]