ORS Chapter 128

Chapter 128 — Trusts;Charitable Activities

 

2009 EDITION

 

 

TRUSTS;CHARITABLE ACTIVITIES

 

PROTECTIVEPROCEEDINGS; POWERS OF ATTORNEY; TRUSTS

 

PREPARATIONOF TRUSTS

 

128.001     Limitationson accepting payment for preparation of trust

 

PRIVATEFOUNDATION AND SPLIT INTEREST TRUSTS

 

128.085     Limitationson trustee’s administration of “private foundation” trust

 

128.090     Limitationson trustee’s administration of “split-interest” trust

 

128.095     Trusteemay amend governing instrument of “private foundation” or “split-interest”trust with prior consent of Attorney General and benefited organizations

 

DEPOSITOF SECURITIES IN CLEARING CORPORATIONS

 

128.100     Authorityof fiduciary to deposit securities in clearing corporation

 

UNIFORMPRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT

 

128.305     Shorttitle

 

128.316     Definitionsfor ORS 128.305 to 128.336

 

128.318     Standardof conduct in managing and investing institutional fund

 

128.322     Appropriationfor expenditure or accumulation of endowment fund; rules of construction

 

128.326     Delegationof management and investment functions

 

128.328     Releaseor modification of restrictions on management, investment or purpose

 

128.332     Reviewingcompliance

 

128.334     Relationto Electronic Signatures in Global and National Commerce Act

 

128.336     Uniformityof application and construction

 

EMPLOYEES’TRUSTS

 

128.510     Definitionsfor ORS 128.520

 

128.520     Employees’trust may be in perpetuity; accumulation of income

 

BUSINESSTRUSTS

 

128.560     “Businesstrust” described

 

128.565     Businesstrust permitted

 

128.570     Businesstrusts and trustees not subject to bank and trust company regulations

 

128.573     Forms;rules

 

128.575     Filingwith Office of Secretary of State required; fees; amendments

 

128.580     Businesstrusts subject to certain corporate laws

 

128.585     Personalliability of trustees, shareholders or beneficiaries of business trust

 

128.590     Filingof trust instrument as conclusive evidence of compliance with laws; exception

 

128.595     Annualreport; due date; content; notice of requirement; effect of failure to file

 

128.597     Inactivationof business trust

 

128.599     Reinstatementof business trust following inactivation

 

128.600     Filing,service, copying and certification fees

 

CHARITABLETRUST AND CORPORATION ACT

 

128.610     Shorttitle

 

128.620     Definitionsfor ORS 128.610 to 128.750

 

128.630     Applicationof ORS 128.610 to 128.750

 

128.640     Exemptionsfrom application of ORS 128.610 to 128.750

 

128.650     Registerof charitable organizations; authority of Attorney General to maintain register

 

128.660     Filingof articles of incorporation or other instrument with Attorney General

 

128.670     Filingof reports; rules; fees; authority of Attorney General relating to reports;civil penalty

 

128.680     Investigatoryauthority of Attorney General

 

128.690     Orderfor attendance by Attorney General; effect

 

128.710     Enforcement;jurisdiction of court

 

128.720     Copiesof certain documents and notice to be provided Attorney General

 

128.730     Listof certain claims for exemptions from taxation to be provided Attorney General

 

128.735     Attorneyfees in action to enforce fiduciary or other duty

 

128.750     Uniformityof interpretation

 

CHARITABLESOLICITATIONS ACT

 

128.801     Definitionsfor ORS 128.801 to 128.898

 

128.802     Registrationof professional fund raising firms required; fee; renewal; notice of change ofinformation

 

128.804     Fundraising notice; contents

 

128.807     Requiredsubmission of financial plan to nonprofit beneficiary

 

128.809     Requireddisclosure of agency by solicitors

 

128.812     Requiredsubmission of financial report after campaign

 

128.814     Presumptionof breach of fiduciary duty by officer or director of nonprofit beneficiary

 

128.821     Registrationof commercial fund raising firms required; fee; renewal; notice of change ininformation

 

128.823     Designationof amount to be paid to beneficiaries; manner of specification; minimum amountpayable

 

128.824     Disclosuresrequired in commercial fund raising solicitations

 

128.826     Commercialfund raising contracts and notice; filing

 

128.841     Commercialfund raising firm financial reports; contents; filing

 

128.846     Maintenanceof records by commercial fund raising firm

 

128.848     Accountingsrequired of commercial coventurer

 

128.856     Writtenconsent by beneficiary to use of name

 

128.861     Writtenconsent required for representations about use of tickets

 

128.866     Injunctionby Attorney General

 

128.871     Denialor revocation of registration

 

128.876     Rules

 

128.881     Depositof fees and penalties; use

 

128.886     Falseor misleading representations prohibited

 

128.891     Prohibitedrepresentations; written notice

 

128.893     Useof in-state address

 

128.898     Shorttitle

 

CIVILPENALTIES

 

128.899     Civilpenalties for violation of ORS 128.610 to 128.750

 

CRIMINALPENALTIES

 

128.992     Penaltiesfor ORS 128.610 to 128.750

 

128.995     Penaltiesfor ORS 128.801 to 128.898

 

PREPARATIONOF TRUSTS

 

      128.001Limitations on accepting payment for preparation of trust. (1) Except asprovided in this section, a person may not accept anything of value in exchangefor the preparation of a trust.

      (2)Subsection (1) of this section does not apply to an attorney who charges andaccepts a fee for the preparation of a trust for a client in the course ofrepresenting that client.

      (3)Subsection (1) of this section does not apply to any trust company or financialinstitution as defined in ORS chapter 706.

      (4)Subsection (1) of this section does not apply to a resulting or constructivetrust, a business trust that provides for certificates to be issued to thebeneficiary, an investment trust, a voting trust, a security instrument, atrust created by the judgment of a court, a liquidation trust, a trust for theprimary purpose of paying dividends, interests, interest coupons, salaries,wages, pensions, profits or employee benefits of any kind, an instrument inwhich a person is nominee or escrowee for another person or a trust created indeposits in any financial institution.

      (5)Nothing in this section authorizes any person to engage in the practice of lawin violation of ORS 9.160. [1997 c.806 §1; 2003 c.576 §383]

 

      128.003 [1977 c.614 §10;repealed by 2005 c.348 §128]

 

      128.005 [1977 c.614 §1;2003 c.576 §384; repealed by 2005 c.348 §128]

 

      128.007 [1977 c.614 §2;1995 c.157 §18; repealed by 2005 c.348 §128]

 

      128.009 [1977 c.614 §3;1981 c.915 §1; 1989 c.73 §1; 1993 c.228 §1; 1995 c.157 §19; 2003 c.84 §13;repealed by 2005 c.348 §128]

 

      128.010 [Renumbered128.055]

 

      128.015 [1977 c.614 §4;1993 c.228 §2; repealed by 2005 c.348 §128]

 

      128.020 [Amended by1969 c.267 §1; renumbered 128.057]

 

      128.021 [1977 c.614 §5;1995 c.157 §20; repealed by 2005 c.348 §128]

 

      128.025 [1969 c.267 §3;renumbered 128.061]

 

      128.026 [1977 c.614 §6;1995 c.157 §21; repealed by 2005 c.348 §128]

 

      128.030 [Amended by1977 c.614 §13; renumbered 128.065]

 

      128.031 [1977 c.614 §7;repealed by 2005 c.348 §128]

 

      128.035 [1977 c.614 §8;repealed by 2005 c.348 §128]

 

      128.040 [Repealed by1977 c.614 §14]

 

      128.041 [1977 c.614 §9;repealed by 2005 c.348 §128]

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