Home Table of Contents

§ 175.711. Divided discretion

Oklahoma Statutes AnnotatedTitle 60. PropertyEffective: November 1, 2021

Oklahoma Statutes Annotated
Title 60. Property (Refs & Annos)
Chapter 4. Uses and Trusts
Oklahoma Decanting Act
Effective: November 1, 2021
60 Okl.St.Ann. § 175.711
§ 175.711. Divided discretion
Currentness
DIVIDED DISCRETION
If an authorized trustee has full discretion to distribute the principal of a trust and another trustee has limited discretion to distribute principal under the trust instrument, the authorized trustee having full discretion may exercise the power to distribute the trust's principal under Section 3 of this act.1

Credits

Laws 2021, c. 268, § 11, eff. Nov. 1, 2021.

Footnotes

1
Title 60, § 170.703.
60 Okl. St. Ann. § 175.711, OK ST T. 60 § 175.711
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.
End of Document