§ 175.502. Disbursements from principal
Oklahoma Statutes AnnotatedTitle 60. Property
60 Okl.St.Ann. § 175.502
§ 175.502. Disbursements from principal
A. A trustee shall make the following disbursements from principal:
1. The remaining one-half of the disbursements described in paragraph 1 and 2 of Section 25 of this act;1
7. Disbursements related to environmental matters, including reclamation, assessing environmental conditions, remedying and removing environmental contamination, monitoring remedial activities and the release of substances, preventing future releases of substances, collecting amounts from persons liable or potentially liable for the costs of those activities, penalties imposed under environmental laws or regulations and other payments made to comply with those laws or regulations, statutory or common law claims by third parties, and defending claims based on environmental matters.
Credits
Laws 1998, c. 115, § 26, eff. Nov. 1, 1998.
<Caption added by Laws 1998, c. 115>
Footnotes
Title 60, § 175.501.
60 Okl. St. Ann. § 175.502, OK ST T. 60 § 175.502
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.
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