§ 175.7. Rights of transferee of trust property for value and without notice
Oklahoma Statutes AnnotatedTitle 60. Property
60 Okl.St.Ann. § 175.7
§ 175.7. Rights of transferee of trust property for value and without notice
If the trustee in breach of trust transfers trust property to, or creates a legal interest in the subject matter of the trust in, a person who takes for value and without notice of breach of the trust, actual or constructive under the recording act, and who is not knowingly taking part in an illegal transaction, the latter holds the interest so transferred or created free of the trust and is under no liability to the beneficiary.
Credits
Laws 1941, p. 251, § 7.
60 Okl. St. Ann. § 175.7, OK ST T. 60 § 175.7
Current with emergency effective legislation through Chapter 277 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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