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Oregon Revised Statutes

Or. Rev. Stat. § 128.560 (2026)

“Business trust” described

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      128.560 “Business trust” described. A “business trust” is any association, including a real estate investment trust, engaged in or operating a business under a written trust agreement or declaration of trust, the beneficial interest under which is divided into transferable certificates of participation or shares, other than a trust engaged solely in exercising the voting rights pertaining to corporate shares or other securities in accordance with the terms of a written instrument. [1971 c.491 §1]

Notes of Decisions
Cited in 2 cases (1 in the last 5 years), 1989–2021 · leading case: Allied Structural v. CCB, 492 P.3d 642 (Or. Ct. App. 2021).
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Allied Structural v. CCB, 492 P.3d 642 (Or. Ct. App. 2021). “560, which provides: “A ‘business trust’ is any association, including a real estate investment trust, engaged in or operating a business under a written trust agreement or declaration of trust, the beneficial interest under which is divided into transferable certificates of…”
Hausam v. Ticor Title Ins., 783 P.2d 39 (Or. Ct. App. 1989). · cites it 2× “The only issue of fact should have been whether or not such business trust did in fact meet the definition of ORS 128.560. If such was the case, then there would be no personal liability, regardless of filing.”
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