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§ 175.9. Trustee lending funds to self, affiliate, etc.

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. § 175.9
§ 175.9. Trustee lending funds to self, affiliate, etc.
Currentness
Except as provided in Section 10,1 no corporate trustee shall lend trust funds to itself or an affiliate, or to any director, officer, or employee of itself or of an affiliate; nor shall any noncorporate trustee lend trust funds to himself, or to his relative, employer, employee, partner, or other business associate.

Credits

Laws 1941, p. 252, § 9.

Footnotes

1
Title 60, § 175.10.
60 Okl. St. Ann. § 175.9, OK ST T. 60 § 175.9
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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