Home Table of Contents

§ 175.86. Distribution, mandatory, support, and discretionary interests

Oklahoma Statutes AnnotatedTitle 60. Property

Oklahoma Statutes Annotated
Title 60. Property (Refs & Annos)
Chapter 4. Uses and Trusts
Oklahoma Discretionary and Special Needs Trust Act
60 Okl.St.Ann. § 175.86
§ 175.86. Distribution, mandatory, support, and discretionary interests
Currentness
A. A distribution interest in a trust shall be classified as a mandatory interest, a support interest or a discretionary interest.
B. A beneficiary may concurrently hold a mandatory interest, support interest or discretionary interest. To the extent a trust contains a combination of a discretionary interest, a support interest or a mandatory interest, the trust shall be a mandatory interest only to the extent of the mandatory language and a support interest only to the extent of the support language. The remaining trust property shall be held as a discretionary interest.

Credits

Laws 2010, c. 280, § 6, eff. Nov. 1, 2010.
60 Okl. St. Ann. § 175.86, OK ST T. 60 § 175.86
Current with emergency effective legislation through Chapter 106 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
End of Document