(1) A charitable organization expressly designated to receive distributions under the terms of a charitable trust has the rights of a qualified beneficiary under this chapter if the charitable organization is otherwise a qualified beneficiary as defined in ORS § 130.010.

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Terms Used In Oregon Statutes 130.040

  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100

(2) A person appointed to enforce a trust created for the care of an animal or another noncharitable purpose as provided in ORS § 130.185 or 130.190 has the rights of a qualified beneficiary under this chapter.

(3) A person appointed as a trust enforcer of a stewardship trust as provided in ORS § 130.193 has the rights of a qualified beneficiary under this chapter.

(4) The Attorney General has the rights of a qualified beneficiary with respect to a charitable trust having its principal place of administration in Oregon. [2005 c.348 § 10; 2009 c.275 § 5; 2019 c.162 § 3]

 

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