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§ 1-121. Guardian of the property--Power--Fiduciary duty

Oklahoma Statutes AnnotatedTitle 30. Guardian and Ward

Oklahoma Statutes Annotated
Title 30. Guardian and Ward (Refs & Annos)
Oklahoma Guardianship and Conservatorship Act (Refs & Annos)
Article I. General Provisions
30 Okl.St.Ann. § 1-121
§ 1-121. Guardian of the property--Power--Fiduciary duty
A. A guardian of the property must keep safely the property of his ward. He must not permit any unnecessary waste or destruction of the real property, nor make any sale of such property without the order of the court, but must so far as it is in his power, maintain the same, with its buildings and appurtenances, out of the income or other property of the estate, and deliver it to the ward or the successors of the ward at the close of his guardianship, in as good condition as he received it.
B. A guardian of the property, in relation to powers conferred pursuant to the provisions of the Oklahoma Guardianship and Conservatorship Act,1 shall act as a fiduciary and shall perform, diligently and in good faith, as a prudent person would in managing his own property, not with regard to speculation but with regard to conservation and growth, and the specific duties and powers assigned by the court.

Credits

R.L.1910, § 3335. Laws 1988, c. 329, § 21, eff. Dec. 1, 1988. Renumbered from § 16 by Laws 1988, c. 329, § 134, eff. Dec. 1, 1988. Laws 1990, c. 323, § 18, operative July 1, 1990.

Footnotes

Title 30, § 1-101 et seq.
30 Okl. St. Ann. § 1-121, OK ST T. 30 § 1-121
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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