Oregon Statutes - Chapter 128 - Trusts; Charitable Activities - Section 128.585 - Personal liability of trustees, shareholders or beneficiaries of business trust.

The trustees, shareholders or beneficiaries of a business trust shall not, as such, be personally liable for any obligations of such business trust arising after June 25, 1971. Persons becoming trustees, shareholders or beneficiaries after June 25, 1971, shall not be personally liable, as such, for obligations of the business trust existing on June 25, 1971. [1971 c.491 §6; 1973 c.367 §14]

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Last modified: August 7, 2008