Oregon Statutes 130.160 – UTC 403. Trusts created in other states, countries or jurisdictions
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A trust not created by will is validly created if the creation of the trust complies with the law of the state, country or other jurisdiction in which the trust instrument was executed, or the law of the state, country or other jurisdiction in which, at the time of creation:
Terms Used In Oregon Statutes 130.160
- 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.
- Trustee: A person or institution holding and administering property in trust.
(1) The settlor was domiciled, had a place of abode or was a national;
(2) A trustee was domiciled or had a place of business; or
(3) Any trust property was located. [2005 c.348 § 23]