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Oklahoma Statutes

Oklahoma Trust Act

Oklahoma Trust Act

175.1Short Title 175.2Trust - Created for Any Purpose 175.3Definitions 175.4Person Entitled to Possession and Receipts of Property - Title of 175.5Title Connected With Disposition or Management 175.6Creation of Trust 175.6aValid Conveyance Made and Filed Prior to Effective Date 175.6bEvery Person Bound not to Injure Person or Property of Another or Infringing upon His Rights 175.7Transfers In Breach of Trust 175.8Transfers in Good Faith 175.9Loans to the Trust 175.10Deposits by Corporate Trustee With Itself - Security 175.11Sale or Purchase of Property by Trustee - Exceptions 175.11aInstitutions With Right to Exercise Trust Powers - Affiliates and Divisions - Compensation for Services 175.12Sale to Trustee - Exceptions 175.13Trustee Purchasing Stock, Bond or Securities of Self, Affiliate, etc.175.15Trustee Owning Stock in Name of Nominee - Exemption 175.16Powers of Trustee Attached to Office 175.17Powers and Liability of Cotrustees 175.18Action on Trustee Contract - Personal Liability of Trustee - Trustee as General or Limited Partner 175.19Torts of Trustee - Exoneration or Reimbursement 175.20Torts - Actions - Liabilities 175.21Relief of Trustee from Duties 175.23District Court - Jurisdiction to Construe Instruments 175.24Powers of Trustees - Bond - Payment from Trust - Legal Proceedings - Attorney-Client Relationship 175.25Interest of Beneficiary - Voluntary or Involuntary Alienation 175.37Death of Trustee - Power of Appointment 175.38Resignation of Trustee 175.39Removal of Trustee 175.41Revocation of Trust by Trustor 175.42Failure or Termination of Trust 175.44Estate Not Embraced in Trust Left in Trustor 175.45Grant Deemed Absolute as to Purchasers or Encumbrances for Value - Notice of Restrictions - Intent of Legislature 175.47Duration of Trust 175.48Compensation of Trustee 175.49Cessation of Trust 175.50Repeal - Operation and Effect 175.51Taxes 175.53Construction and Application of Act 175.54Situs in Jurisdiction Where Trustee Not Qualified to Act - Powers of Trustee 175.55Investment or Reinvestment of Trust Assets 175.57Breach of Trust - Accounting and Approval