§ 13. Preservation trust--Revocable or irrevocable--Contributions
Oklahoma Statutes AnnotatedTitle 31. Homestead and Exemptions
31 Okl.St.Ann. § 13
§ 13. Preservation trust--Revocable or irrevocable--Contributions
A preservation trust may be established as a revocable and amendable trust or as an irrevocable trust. If the grantor of a preservation trust revokes or partially revokes the preservation trust, the exemption provisions of Section 12 of this title shall not be applicable to any property received by the grantor as a result of such revocation or partial revocation. The fair market value of any property received by the grantor as a result of a partial revocation shall increase the amount of property which the grantor may contribute to the preservation trust pursuant to Section 12 of this title.
Credits
Laws 2004, c. 509, § 4, emerg. eff. June 9, 2004; Laws 2005, c. 438, § 3, emerg. eff. June 8, 2005.
31 Okl. St. Ann. § 13, OK ST T. 31 § 13
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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