§ 300.15. Delegation of management and investment functions
Oklahoma Statutes AnnotatedTitle 60. Property
60 Okl.St.Ann. § 300.15
§ 300.15. Delegation of management and investment functions
DELEGATION OF MANAGEMENT AND INVESTMENT FUNCTIONS.
(a) Subject to any specific limitation set forth in a gift instrument or in law other than the Uniform Prudent Management of Institutional Funds Act, an institution may delegate to an external agent the management and investment of an institutional fund to the extent that an institution could prudently delegate under the circumstances. An institution shall act in good faith, with the care that an ordinarily prudent person in a like position would exercise under similar circumstances, in:
(d) By accepting delegation of a management or investment function from an institution that is subject to the laws of this state, an agent submits to the jurisdiction of the courts of this state in all proceedings arising from or related to the delegation or the performance of the delegated function.
Credits
Laws 2007, c. 91, § 5, eff. Nov. 1, 2007.
60 Okl. St. Ann. § 300.15, OK ST T. 60 § 300.15
Current with emergency effective legislation through Chapter 182 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
End of Document |