Oregon Statutes 130.520 – Specific distribution defined for ORS 130.520 to 130.575
Current as of: 2023 | Check for updates
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For the purposes of ORS § 130.520 to 130.575, ‘specific distribution’ means a distribution of specific property to a specific beneficiary that is required under the terms of a trust instrument. [Formerly 128.370]
Terms Used In Oregon Statutes 130.520
- 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