---
type: "Bill"
title: "Relating to trusts."
description: "Allows trustee of trust to make disbursements for trustee's compensation or compensation of person providing investment advisory or custodial services out of principal or income under certain circumstances."
jurisdiction: "us/states/or"
legislature: "Oregon Legislative Assembly"
session: "2017 Regular Session"
identifier: "HB 2623"
citation: "Oregon HB 2623 (2017 Regular Session)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 2
action_count: 17
vote_count: 4
first_action: "2017-01-09T20:20:19+00:00"
last_action: "2017-05-31T00:07:46+00:00"
source: "openstates"
source_identifier: "ocd-bill/94b3ccbf-daa4-45de-ba28-758ee5ec7939"
source_url: "https://olis.leg.state.or.us/liz/2017R1/Measures/Overview/HB2623"
source_hash: "bd05d48b4e06327ca36c9248600f75120198b833be7704ab9204058433dcbfef"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-or"]
---

# Oregon HB 2623 (2017 Regular Session) — Relating to trusts.

Allows trustee of trust to make disbursements for trustee's compensation or compensation of person providing investment advisory or custodial services out of principal or income under certain circumstances.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](https://olis.leg.state.or.us/liz/2017R1/Downloads/MeasureDocument/HB2623/Introduced)
2. **Enrolled** (enrolled) — [source](https://olis.leg.state.or.us/liz/2017R1/Downloads/MeasureDocument/HB2623/Enrolled)

## Votes

- Third reading. Carried by Williamson. Passed. — **56–1** (pass) · legislature
- Heard and Reported Out — **10–0** (pass) · legislature
- Third reading. Carried by Thatcher. Passed. — **30–0** (pass) · legislature
- Heard and Reported Out — **5–0** (pass) · legislature

## Timeline

The legislative action history — every referral, reading, and vote.

- **2017-01-09T20:20:19+00:00** First reading. Referred to Speaker's desk. `introduction, reading-1, referral-committee`
- **2017-01-18T01:55:48+00:00** Referred to Judiciary. `referral-committee`
- **2017-02-15T21:01:00+00:00** Public Hearing held.
- **2017-02-28T21:02:00+00:00** Work Session held.
- **2017-03-03T00:35:00+00:00** Recommendation: Do pass. `committee-passage-favorable`
- **2017-03-06T17:16:15+00:00** Second reading. `reading-2`
- **2017-03-07T19:42:49+00:00** Third reading. Carried by Williamson. Passed. `passage, reading-3`
- **2017-03-08T16:44:28+00:00** First reading. Referred to President's desk. `introduction, reading-1, referral-committee`
- **2017-03-13T15:57:47+00:00** Referred to Judiciary. `referral-committee`
- **2017-05-02T15:32:00+00:00** Public Hearing and Work Session held.
- **2017-05-04T15:27:07+00:00** Recommendation: Do pass. `committee-passage-favorable`
- **2017-05-04T18:20:45+00:00** Second reading. `reading-2`
- **2017-05-08T18:53:39+00:00** Third reading. Carried by Thatcher. Passed. `passage, reading-3`
- **2017-05-10T19:55:58+00:00** Speaker signed. `passage`
- **2017-05-10T22:09:09+00:00** President signed. `passage`
- **2017-05-17T16:38:33+00:00** Governor signed. `executive-signature`
- **2017-05-31T00:07:46+00:00** Chapter 81, (2017 Laws): Effective date January 1, 2018.

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/94b3ccbf-daa4-45de-ba28-758ee5ec7939`. Confidence: reported (aggregated from official Oregon legislature records).