# ORS § 129.210: 129.210 UPIA 103. Fiduciary duties

> Oregon · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_OR_T13_C129_S129.210

## Section

- **Citation:** ORS § 129.210
- **Heading:** 129.210 UPIA 103. Fiduciary duties
- **Jurisdiction:** Oregon
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** OR Code / Title 13 / Chapter 129 / Section 129.210

## Text

(1) In allocating receipts and disbursements to or between principal and income, and with respect to any matter within the scope of ORS 129.250 (UPIA 201. Determination and distribution of net income) to 129.280 (UPIA 303. Apportionment when income interest ends) , a fiduciary:

(a) Shall administer a trust or estate in accordance with the terms of the trust or the will, even if there is a different provision in this chapter;

(b) May administer a trust or estate by the exercise of a discretionary power of administration given to the fiduciary by the terms of the trust or the will, even if the exercise of the power produces a result different from a result required or permitted by this chapter;

(c) Shall administer a trust or estate in accordance with this chapter if the terms of the trust or the will do not contain a different provision or do not give the fiduciary a discretionary power of administration; and

(d) Shall add a receipt or charge a disbursement to principal to the extent that the terms of the trust and this chapter do not provide a rule for allocating the receipt or disbursement to or between principal and income.

(2) In exercising the power to adjust under ORS 129.215 (UPIA 104. Trustee’s power to adjust) (1), or a discretionary power of administration regarding a matter within the scope of this chapter, whether granted by the terms of a trust, a will or by this chapter, a fiduciary shall administer a trust or estate impartially, based on what is fair and reasonable to all of the beneficiaries, except to the extent that the terms of the trust or the will clearly manifest an intention that the fiduciary shall or may favor one or more of the beneficiaries. A determination in accordance with this chapter is presumed to be fair and reasonable to all of the beneficiaries. [2003 c.279 §3]

Source: Section 129.210 — UPIA 103. Fiduciary duties; general principles , https://www.­oregonlegislature.­gov/bills_laws/ors/ors129.­html (accessed May 26, 2025).

## Nearby sections

- [ORS § 129.200 129.200 UPIA 101. Short title](https://www.frixlaw.com/law-library/statutes/STATE_OR_T13_C129_S129.200.md)
- [ORS § 129.205 129.205 UPIA 102. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_OR_T13_C129_S129.205.md)
- [ORS § 129.210 129.210 UPIA 103. Fiduciary duties](https://www.frixlaw.com/law-library/statutes/STATE_OR_T13_C129_S129.210.md)
- [ORS § 129.215 129.215 UPIA 104. Trustee’s power to adjust](https://www.frixlaw.com/law-library/statutes/STATE_OR_T13_C129_S129.215.md)
- [ORS § 129.220 129.220 UPIA 105. Judicial control of discretionary power](https://www.frixlaw.com/law-library/statutes/STATE_OR_T13_C129_S129.220.md)
- [ORS § 129.225 129.225 Conversion to unitrust](https://www.frixlaw.com/law-library/statutes/STATE_OR_T13_C129_S129.225.md)
- [ORS § 129.250 129.250 UPIA 201. Determination and distribution of net income](https://www.frixlaw.com/law-library/statutes/STATE_OR_T13_C129_S129.250.md)
- [ORS § 129.255 129.255 UPIA 202. Distribution to residuary and remainder beneficiaries](https://www.frixlaw.com/law-library/statutes/STATE_OR_T13_C129_S129.255.md)
- [ORS § 129.270 129.270 UPIA 301. When right to income begins and ends](https://www.frixlaw.com/law-library/statutes/STATE_OR_T13_C129_S129.270.md)
- [ORS § 129.275 129.275 UPIA 302. Apportionment of receipts and disbursements when decedent dies or income interest begins](https://www.frixlaw.com/law-library/statutes/STATE_OR_T13_C129_S129.275.md)
- [ORS § 129.280 129.280 UPIA 303. Apportionment when income interest ends](https://www.frixlaw.com/law-library/statutes/STATE_OR_T13_C129_S129.280.md)
- [ORS § 129.300 129.300 UPIA 401. Character of receipts](https://www.frixlaw.com/law-library/statutes/STATE_OR_T13_C129_S129.300.md)
- [ORS § 129.305 129.305 UPIA 402. Distribution from trust or estate](https://www.frixlaw.com/law-library/statutes/STATE_OR_T13_C129_S129.305.md)
- [ORS § 129.308 129.308 UPIA 403. Business and other activities conducted by trustee](https://www.frixlaw.com/law-library/statutes/STATE_OR_T13_C129_S129.308.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_OR_T13_C129_S129.210. Check the current official text before relying on it. Not legal advice.