§ 175.705. Trust for beneficiary with disability
Oklahoma Statutes AnnotatedTitle 60. PropertyEffective: November 1, 2021
Effective: November 1, 2021
60 Okl.St.Ann. § 175.705
§ 175.705. Trust for beneficiary with disability
TRUST FOR BENEFICIARY WITH DISABILITY
B. A special-needs fiduciary may exercise the decanting power under Section 3 of this act1 over the principal of a first trust as if the fiduciary had authority to distribute principal to a beneficiary with a disability subject to expanded distributive discretion if:
2. Except as affected by any change to the interests of the beneficiary with a disability, the second trust, or if there are two or more second trusts, the second trusts in the aggregate, shall comply with Section 3 or 4 of this act2 with respect to the interest or interests of each other current beneficiary, presumptive remainder beneficiary or successor beneficiary.
Credits
Laws 2021, c. 268, § 5, eff. Nov. 1, 2021.
60 Okl. St. Ann. § 175.705, OK ST T. 60 § 175.705
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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