§ 175.501. Disbursements from income
Oklahoma Statutes AnnotatedTitle 60. Property
60 Okl.St.Ann. § 175.501
§ 175.501. Disbursements from income
DISBURSEMENTS FROM INCOME
A trustee shall make the following disbursements from income to the extent that they are not disbursements to which subparagraph b or c of paragraph 2 of Section 5 of this act1 applies:
3. All of the other ordinary expenses incurred in connection with the administration, management, or preservation of trust property and the distribution of income, including interest, ordinary repairs, regularly recurring taxes assessed against principal, and expenses of a proceeding or other matter that concerns primarily the income interest; and
Credits
Laws 1998, c. 115, § 25, eff. Nov. 1, 1998.
<Caption added by Laws 1998, c. 115>
Footnotes
Title 60, § 175.201.
60 Okl. St. Ann. § 175.501, OK ST T. 60 § 175.501
Current with emergency effective legislation through Chapter 295 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
End of Document |