§ 161. Property in which trustee may invest--Judgment and care required
Oklahoma Statutes AnnotatedTitle 60. Property
60 Okl.St.Ann. § 161
§ 161. Property in which trustee may invest--Judgment and care required
Unless otherwise authorized, directed or restricted by order of court or by the will, trust agreement, or other document which is the source of the trust, the trustee may invest trust funds in any property, real, personal or mixed, in which an individual may invest the individual's own funds. In making investments, the trustee shall comply with the provisions of the Oklahoma Uniform Prudent Investor Act.1 The provisions of this section shall not be construed to authorize a trustee to buy or sell property and investments from or to the trustee personally or to commingle trust funds with the individual funds of the trustee.
Credits
Laws 1949, p. 412, § 1; Laws 1995, c. 351, § 20, eff. Nov. 1, 1995.
Footnotes
Title 60, § 175.60 et seq.
60 Okl. St. Ann. § 161, OK ST T. 60 § 161
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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