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§ 175.61. Prudent investor rule

Oklahoma Statutes AnnotatedTitle 60. Property

Oklahoma Statutes Annotated
Title 60. Property (Refs & Annos)
Chapter 4. Uses and Trusts
Oklahoma Uniform Prudent Investor Act (Refs & Annos)
60 Okl.St.Ann. § 175.61
§ 175.61. Prudent investor rule
Prudent Investor Rule.
A. Except as otherwise provided in subsection B of this section, a trustee who invests and manages trust assets owes a duty to the beneficiaries of the trust to comply with the prudent investor rule set forth in the Oklahoma Uniform Prudent Investor Act.
B. The prudent investor rule, a default rule, may be expanded, restricted, eliminated, or otherwise altered by the provisions of a trust. A trustee is not liable to a beneficiary to the extent that the trustee acted in reasonable reliance on the provisions of the trust.

Credits

Laws 1995, c. 351, § 2, eff. Nov. 1, 1995.
60 Okl. St. Ann. § 175.61, OK ST T. 60 § 175.61
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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