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§ 175.64. Duties at inception of trusteeship

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. § 175.64
§ 175.64. Duties at inception of trusteeship
Duties at Inception of Trusteeship.
Within a reasonable time after accepting a trusteeship or receiving trust assets, a trustee shall review the trust assets and make and implement decisions concerning the retention and disposition of assets, in order to bring the trust portfolio into compliance with the purposes, terms, distribution requirements, and other circumstances of the trust and with the requirements of the Oklahoma Uniform Prudent Investor Act.

Credits

Laws 1995, c. 351, § 5, eff. Nov. 1, 1995.
60 Okl. St. Ann. § 175.64, OK ST T. 60 § 175.64
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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