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§ 175.6. Manner of creating trust--Beneficiary as cotrustee

Oklahoma Statutes AnnotatedTitle 60. Property

Oklahoma Statutes Annotated
Title 60. Property (Refs & Annos)
Chapter 4. Uses and Trusts
Oklahoma Trust Act (Refs & Annos)
60 Okl.St.Ann. § 175.6
§ 175.6. Manner of creating trust--Beneficiary as cotrustee
Currentness
A trust may be created by:
A. A declaration by the owner of property that he holds it as trustee for another person, or for himself and another person or persons; or
B. A transfer inter vivos by the owner of property to another person as trustee for the transferor or for a third person; or
C. A transfer by will by the owner of property to another person as trustee for a third person; or
D. An appointment by one person having a power of appointment to another person as trustee for the donee of the power or for a third person; or
E. A promise by one person to another person whose rights thereunder are to be held in trust for a third person; or
F. A beneficiary may be a cotrustee and the legal and equitable title to the trust estate shall not merge by reason thereof. Provided, however, that no trust in relation to real property shall be valid, unless created or declared:
1. By a written instrument subscribed by the trustor or by his agent thereto authorized by writing;
2. By the instrument under which the trustee claims the estate affected.

Credits

Laws 1941, p. 251, § 6.
60 Okl. St. Ann. § 175.6, OK ST T. 60 § 175.6
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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