§ 175.504. Transfers from income to reimburse principal
Oklahoma Statutes AnnotatedTitle 60. Property
60 Okl.St.Ann. § 175.504
§ 175.504. Transfers from income to reimburse principal
A. If a trustee makes or expects to make a principal disbursement described in this section, the trustee may transfer an appropriate amount from income to principal in one or more accounting periods to reimburse principal or to provide a reserve for future principal disbursements.
Credits
Laws 1998, c. 115, § 28, eff. Nov. 1, 1998.
<Caption added by Laws 1998, c. 115>
Footnotes
Title 60, § 175.502.
60 Okl. St. Ann. § 175.504, OK ST T. 60 § 175.504
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 |