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§ 175.70. Language invoking standard of the Oklahoma Uniform Prudent Investor Act.

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. § 175.70
§ 175.70. Language invoking standard of the Oklahoma Uniform Prudent Investor Act.
Language Invoking Standard of the Oklahoma Uniform Prudent Investor Act.
The following terms or comparable language in the provisions of a trust, unless otherwise limited or modified, authorizes any investment or strategy permitted under the Oklahoma Uniform Prudent Investor Act: “Investments permissible by law for investment of trust funds”, “legal investments”, “authorized investments”, “using the judgment and care under the circumstances then prevailing that persons of prudence, discretion, and intelligence exercise in the management of their own affairs, not in regard to speculation but in regard to the permanent disposition of their funds, considering the probable income as well as the probable safety of their capital”, “prudent man rule”, “prudent trustee rule”, “prudent person rule”, and “prudent investor rule”.

Credits

Laws 1995, c. 351, § 11, eff. Nov. 1, 1995.
60 Okl. St. Ann. § 175.70, OK ST T. 60 § 175.70
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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