(2) as may be necessary to protect the trust property or the interests

130.800 (2) as may be necessary to protect the trust property or the interests of the beneficiaries. [2005 c.348 �55; 2013 c.529 �14]

����� 130.630 UTC 707. Delivery of property by former trustee; report. (1) Unless a cotrustee remains in office or the court otherwise orders, a trustee who has resigned or been removed has the duties of a trustee and the powers necessary to protect the trust property until the trust property is delivered to a successor trustee or other person who is entitled to the property.

����� (2) A trustee who has resigned or been removed shall proceed expeditiously to deliver any trust property in the trustee�s possession to the cotrustee, successor trustee or other person who is entitled to the property.

����� (3) A successor trustee or the court may require a trustee that has resigned or been removed to send a report as provided in ORS 130.710 (3). Reasonable compensation for preparation of the report, and reasonable fees and costs incurred in the preparation and distribution of the report, shall be paid by the trust. [2005 c.348 �56; 2013 c.529 �15]

����� 130.635 UTC 708. Compensation of trustee. (1) If the terms of a trust do not specify the trustee�s compensation, a trustee is entitled to compensation that is reasonable under the circumstances.

����� (2) If the terms of a trust specify the trustee�s compensation, the trustee is entitled to be compensated as specified, but the court may allow more or less compensation if:

����� (a) The duties of the trustee are substantially different from those contemplated when the trust was created; or

����� (b) The compensation specified by the terms of the trust would be unreasonably low or high.

����� (3) If more than one trustee is serving and the terms of the trust do not specify the trustees� compensation, the compensation paid to all trustees under this section shall be based on the total services provided by all trustees.

����� (4) If the terms of a trust do not specify the trustee�s compensation, the fees paid to third parties, including but not limited to financial advisors, who perform trustee functions must be taken into account in determining reasonable trustee compensation under this section. [2005 c.348 �57; 2013 c.529 �16]

����� 130.640 UTC 709. Reimbursement of expenses. (1) A trustee is entitled to be reimbursed out of the trust property, with reasonable interest if appropriate, for:

����� (a) Expenses that were properly incurred in the administration of the trust; and

����� (b) To the extent necessary to prevent unjust enrichment of the trust, expenses that were not properly incurred in the administration of the trust.

����� (2) A trustee is entitled to be reimbursed out of the trust property or from property that has been distributed from the trust, with reasonable interest, for an advance of money made by the trustee for the protection of the trust. [2005 c.348 �58]

DUTIES AND POWERS OF TRUSTEE

����� 130.650 UTC 801. Duty to administer trust. (1) Upon acceptance of a trusteeship, the trustee shall administer the trust in good faith, in accordance with its terms and purposes and the interests of the beneficiaries, and in accordance with this chapter.

����� (2) A trustee is not required to object to a modification, reformation or termination of the trust under ORS 130.045, 130.200, 130.205, 130.210, 130.215, 130.220 or