74th OREGON LEGISLATIVE ASSEMBLY--2007 Regular Session
 
NOTE:  Matter within  { +  braces and plus signs + } in an
amended section is new. Matter within  { -  braces and minus
signs - } is existing law to be omitted. New sections are within
 { +  braces and plus signs + } .
 
LC 688
 
                         Senate Bill 305
 
Printed pursuant to Senate Interim Rule 213.28 by order of the
  President of the Senate in conformance with presession filing
  rules, indicating neither advocacy nor opposition on the part
  of the President (at the request of Senate Interim Committee on
  Judiciary for Oregon State Bar Estate Planning Section)
 
 
                             SUMMARY
 
The following summary is not prepared by the sponsors of the
measure and is not a part of the body thereof subject to
consideration by the Legislative Assembly. It is an editor's
brief statement of the essential features of the measure as
introduced.
 
  Allows holder of limited testamentary power of appointment to
represent and bind persons whose interests are subject to power
as permissible appointees, as takers in default or by other
reason.
 
                        A BILL FOR AN ACT
Relating to trusts; amending ORS 130.105.
Be It Enacted by the People of the State of Oregon:
  SECTION 1. ORS 130.105 is amended to read:
  130.105. To the extent there is no conflict of interest between
the holder of a   { - general - }  testamentary power of
appointment and the persons represented with respect to the
particular question or dispute, the holder may represent and bind
persons whose interests are subject to the power as permissible
appointees, as takers in default or by other reason.
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