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§ 175.91. Validity of trust provisions

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. § 175.91
§ 175.91. Validity of trust provisions
Currentness
A. A provision which provides that a current distribution interest shall either become a discretionary interest or shall terminate upon the attachment by a creditor, including an exception creditor, is valid.
B. A provision that provides a remainder interest shall terminate or change into a dynasty interest upon attachment by a creditor, including an exception creditor, is valid.

Credits

Laws 2010, c. 280, § 11, eff. Nov. 1, 2010.
60 Okl. St. Ann. § 175.91, OK ST T. 60 § 175.91
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.
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