Oregon Statutes - Chapter 130 - Uniform Trust Code - Section 130.630 - UTC 707. Delivery of property by former trustee.

(1) Unless a cotrustee remains in office or the court otherwise orders, a trustee who has resigned or been removed has the duties of a trustee and the powers necessary to protect the trust property until the trust property is delivered to a successor trustee or other person who is entitled to the property.

(2) A trustee who has resigned or been removed shall proceed expeditiously to deliver any trust property in the trustee’s possession to the cotrustee, successor trustee or other person who is entitled to the property. [2005 c.348 §56]

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Last modified: August 7, 2008