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§ 73. Trustee's authority to invest income from royalties--Payments to life tenant or other...

Oklahoma Statutes AnnotatedTitle 60. Property

Oklahoma Statutes Annotated
Title 60. Property (Refs & Annos)
Chapter 2. Estates in Real Property
Estates in Real Property (Cont'D)
60 Okl.St.Ann. § 73
§ 73. Trustee's authority to invest income from royalties--Payments to life tenant or other person
Currentness
Under proper court order the trustee shall be authorized to invest income from royalties pursuant to the provisions of the Oklahoma Uniform Prudent Investor Act,1 unless otherwise provided by law, which investments shall remain intact until the ultimate taker is determined and shall then be paid over to the ultimate taker and the trust closed. Income from investments shall be paid to the life tenant or other person entitled thereto.

Credits

Laws 1939, p. 355, § 3, emerg. eff. May 10, 1939; Laws 1995, c. 351, § 19, eff. Nov. 1, 1995.

Footnotes

1
Title 60, § 175.60 et seq.
60 Okl. St. Ann. § 73, OK ST T. 60 § 73
Current with emergency effective legislation through Chapter 295 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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