Okla. Stat. tit. 60, § 178.4
Trust Purpose - Exceptions
Effective Jul 1, 2003Laws 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; Amended by Laws 2003, SB 439, c. 386, § 4, emerg. eff. July 1, 2003 (superseded document available).
- A. 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 or international trade processing center; nor shall it include a residential enterprise or function except as provided in Section 178.6 of this title.
- B. 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; Amended by Laws 2003, SB 439, c. 386, § 4, emerg. eff. July 1, 2003 (superseded document available).