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Oregon Statutes 130.320 - UTC 506. Overdue distribution

Oregon Statutes > Volume 3 > Title 13 > Chapter 130 > Creditor’S Claims; Spendthrift And Discretionary Trusts > § 130.320 - UTC 506. Overdue distribution


Current as of: 2009

Whether or not a trust contains a spendthrift provision, a creditor or assignee of a beneficiary may reach a mandatory distribution of income or principal, including a distribution upon termination of the trust, if the trustee has not made the distribution to the beneficiary within a reasonable time after the designated distribution date. [2005 c.348 §43]

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