Section 130.215 - UTC 414. Modification or termination of uneconomic trust.

OR Rev Stat § 130.215 (2019) (N/A)
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(2) The court may modify or terminate a trust, or remove the trustee and appoint a different trustee, if the court finds that the value of the trust property is insufficient to justify the cost of administration.

(3) Upon termination of a trust under this section, the trustee shall distribute the trust property in a manner consistent with the purposes of the trust.

(4) This section does not apply to an easement for conservation or preservation. [2005 c.348 §34; 2013 c.529 §6]