Trusts created under the provisions of Sections 176 through 180.55 of this title or any amendments or extensions thereof shall not include any trust purpose, function nor activity: in any wholesale outlet, unless said wholesale outlet is a direct part of the industry. Provided, however, that the distribution centers for intoxicating beverages and low-point beer as defined in Title 37 of the Oklahoma Statutes shall not qualify under the provisions of this title; nor shall it include a retail outlet unless said retail outlet is operated in conjunction with and on the same premises as the industrial, manufacturing, cultural, recreational, parking, transportation or airport facility; nor shall it include a residential enterprise or function except as provided in Section 178.6 of this title.

Provided further, nothing in this section shall preclude the financing, construction, ownership or leasing of a warehouse as a permissible trust purpose, function or activity, so long as such warehouse is not used directly or indirectly for housing, storage or distribution of intoxicating beverages or low-point beer.

Laws 1976, HB 1651, c. 222, § 11, eff. December 1, 1976; Amended by Laws 1985, SB 269, c. 10, § 1, emerg. eff. March 28, 1985; Amended by Laws 1990, SB 443, c. 72, § 1, emerg. eff. April 16, 1990; Amended by Laws 1995, SB 1129, c. 274, § 50, eff. November 1, 1995.