A trustee is not liable for failing to determine whether a marriage, a divorce, a death, the performance of educational requirements or another event affecting the administration or distribution of a trust has occurred if the trustee has exercised reasonable care in attempting to determine whether the event has occurred. [2005 c.348 § 89]

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Terms Used In Oregon Statutes 130.830

  • Trustee: A person or institution holding and administering property in trust.