Oregon Statutes 130.050 – UTC 201. Role of court in administration of trust
Current as of: 2023 | Check for updates
|
Other versions
(1) A court may intervene in the administration of a trust to the extent the court’s jurisdiction is invoked by an interested person or as provided by law.
Terms Used In Oregon Statutes 130.050
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
(2) A trust is not subject to continuing judicial supervision unless ordered by a court.
(3) A judicial proceeding may relate to any matter involving a trust’s administration, including a request for instructions or a declaratory judgment action. [2005 c.348 § 12]