Okla. Stat. tit. 60, § 1607.7
Duties of a Resigned or Removed Trustee
Effective Nov 1, 2026Laws 2025, HB 1850, c. 254, § 46, eff. November 1, 2025; Amended by Laws 2026, SB 2104, c. 414, § 6, eff. November 1, 2026 (superseded document available).
- A. Unless a cotrustee remains in office or the court otherwise orders, and until the trust property is delivered to a successor trustee or other person entitled to it, a trustee who has resigned or been removed has the duties of a trustee and the powers necessary to protect the trust property.
- B. A trustee who has resigned or been removed shall within a reasonable time deliver the trust property within the trustee’s possession to the cotrustee, successor trustee, or other person entitled to the property, subject to the right of the trustee to retain a reasonable reserve for the payment of debts, expenses, and taxes. The provisions of this subsection shall be in addition to and are not in derogation of the rights of a removed or resigning trustee under the common law.
Laws 2025, HB 1850, c. 254, § 46, eff. November 1, 2025; Amended by Laws 2026, SB 2104, c. 414, § 6, eff. November 1, 2026 (superseded document available).