§ 175.401. Character of receipts
Oklahoma Statutes AnnotatedTitle 60. Property
60 Okl.St.Ann. § 175.401
§ 175.401. Character of receipts
A. In this section, “entity” means a corporation, partnership, limited liability company, regulated investment company, real estate investment trust, common trust fund, or any other organization in which a trustee has an interest other than a trust or estate to which Section 11 of this act1 applies, a business or activity to which Section 12 of this act2 applies, or an asset-backed security to which Section 24 of this act3 applies.
F. A trustee may rely upon a statement made by an entity about the source or character of a distribution if the statement is made at or near the time of distribution by the entity's board of directors or other person or group of persons authorized to exercise powers to pay money or transfer property comparable to those of a corporation's board of directors.
Credits
Laws 1998, c. 115, § 10, eff. Nov. 1, 1998.
<Caption added by Laws 1998, c. 115>
60 Okl. St. Ann. § 175.401, OK ST T. 60 § 175.401
Current with emergency effective legislation through Chapter 347 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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