United States National Bank v. Straub

This is an appeal from an order of the circuit court of Klamath County disallowing a charitable exemption under the Oregon inheritance tax law.

The present dispute arises out of the disposition made by the residuary clause of the will of William M. Bray. Under that clause testator’s property was bequeathed to the First National Bank of Oshkosh in trust for the Oshkosh Foundation, a charitable organization. The trustee is a national banking association organized and operating in Wisconsin and is not itself a charitable organization.

The claim for exemption is based on ORS 118.020 (1) and (2)…