§ 11. Definitions
Oklahoma Statutes AnnotatedTitle 31. Homestead and Exemptions
31 Okl.St.Ann. § 11
§ 11. Definitions
As used in the Family Wealth Preservation Trust Act:
g. mutual funds, as defined pursuant to The Investment Company Act of 1940, 15 U.S.C., Section 80a-1 et seq. and The Securities Act of 1933, 15 U.S.C., Section 77a et seq., and common trust funds, as defined pursuant to Section 1010 of Title 6 of the Oklahoma Statutes, to the extent the assets within such funds meet one or more of the requirements listed in subparagraphs a through f of this paragraph;
4. “Oklahoma-based company” means a corporation, limited liability company, limited partnership, limited liability partnership or other legal entity formed or qualified to do business in this state and having its principal place of business in this state, which principal place of business shall be a physical location;
d. having a majority in value of its assets comprised of Oklahoma assets, except that if any asset which qualifies, or is intended to qualify, as an Oklahoma asset ceases or fails to qualify as an Oklahoma asset, the trustee shall have a reasonable period of time following discovery thereof to convert such nonqualifying asset into an Oklahoma asset, and
Credits
Laws 2004, c. 509, § 2, emerg. eff. June 9, 2004; Laws 2005, c. 438, § 1, emerg. eff. June 8, 2005; Laws 2014, c. 102, § 1, eff. Nov. 1, 2014.
31 Okl. St. Ann. § 11, OK ST T. 31 § 11
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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