Master Trustees
Oregon Revised Statute 97.810 - 97.949
A master trustee is an entity appointed by a certified provider to administer moneys received from the certified provider under ORS 97.941 who acts independently from an certified provider and who is not also a certified provider under ORS 97.923 to 97.949. A Master trustee does not include a financial institution, as defined in ORS 706.008, that acts solely as a depository under ORS 97.923 to 97.949.
During the 2001 Oregon Legislative Session, Oregon Revised Laws (RORS) 97.923 to 97.949 (formerly ORS 128.400 to 128.440) passed into law. Effective Jan. 1, 2002, the law amends the regulation of prearrangement and preconstruction sales of funeral and cemetery services and master trustees.
The amendments, among other things, moved the oversight trust funds to the Director of DCBS. The administration and oversight of ORS 97.923 to 97.949 was assigned to the non-depository programs section of the Division of Finance and Corporate Securities.
OAR 441-930-0010 through OAR 441-930-0350 implements the registration of master trustees by addressing issues such as the application for registration and certification, record keeping, annual reports, examinations, and prohibited practices.
Calendar of due dates •
Consumer alerts and press releases
Forms •
Registrants - master trustees •
Registration information
Reports - annual activity •
Statutes and Rules
See also:
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| Forms |
Annual report form for master trustee 440-4017
last updated: 12/13/2007 |
PDF
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Application for master trustee 440-4012
last updated: 12/13/2007 |
PDF
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Notice of appointment of successor depository or master trustee 440-3437
last updated: 04/11/2008 |
PDF
| Word
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