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§ 177.1. Limitation upon engaging in activity other than expressly authorized

Oklahoma Statutes AnnotatedTitle 60. Property

Oklahoma Statutes Annotated
Title 60. Property (Refs & Annos)
Chapter 4. Uses and Trusts
Trusts for Furtherance of Public Functions (Refs & Annos)
60 Okl.St.Ann. § 177.1
§ 177.1. Limitation upon engaging in activity other than expressly authorized
That no public trust shall engage in any activity or transaction that is not expressly authorized in the instruments or articles prescribing its creation except by express consent of the governmental agency or governmental entity that created said public trust. However, a public trust with a county as the beneficiary and created for purposes of providing affordable housing may engage in the activity related to the conveyance of real property to nonprofit organizations for the purpose of affordable housing as may be provided by law.

Credits

Laws 1970, c. 71, § 1, emerg. eff. March 17, 1970; Laws 2007, c. 343, § 2, eff. Nov. 1, 2007.
60 Okl. St. Ann. § 177.1, OK ST T. 60 § 177.1
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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