Okla. Stat. tit. 30, § 30-3-126
This is the official text of Okla. Stat. tit. 30, § 30-3-126, part of Oklahoma’s Stat. tit. 30, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 30,." Browse the sections below, each linked to its official government source.
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Estates of incapacitated or partially incapacitated
Official statutory text
persons not exceeding $10,000.00 - Disposition - Discharge and
release.
A. When the whole estate of an adult who has been adjudicated
to be incapacitated or partially incapacitated does not exceed the
value of Ten Thousand Dollars ($10,000.00), the court may, in its
discretion, without the appointment of a guardian or the giving of
bond, authorize the deposit thereof in a depositary authorized to
receive fiduciary funds in the name of a suitable person designated
by such court, or, if the assets do not consist of money, authorize
Oklahoma Statutes - Title 30. Guardian and Ward Page 60
the delivery thereof to a suitable person designated by such court.
The person receiving such property shall hold and dispose of the
same in such manner as such court directs.
B. The person making payment, delivery, transfer or issuance of
property or evidence thereof to the person designated by such court
under this section is discharged and released to the same extent as
if such payment, delivery, transfer or issuance was made to a
guardian of the incapacitated or partially incapacitated person, and
he is not required to see to the application thereof. A person
making payment, delivery, transfer or issuance of property, or
evidence thereof, to a next friend or guardian ad litem may be
discharged and released as provided for in the Oklahoma Guardianship
and Conservatorship Act.
release.
A. When the whole estate of an adult who has been adjudicated
to be incapacitated or partially incapacitated does not exceed the
value of Ten Thousand Dollars ($10,000.00), the court may, in its
discretion, without the appointment of a guardian or the giving of
bond, authorize the deposit thereof in a depositary authorized to
receive fiduciary funds in the name of a suitable person designated
by such court, or, if the assets do not consist of money, authorize
Oklahoma Statutes - Title 30. Guardian and Ward Page 60
the delivery thereof to a suitable person designated by such court.
The person receiving such property shall hold and dispose of the
same in such manner as such court directs.
B. The person making payment, delivery, transfer or issuance of
property or evidence thereof to the person designated by such court
under this section is discharged and released to the same extent as
if such payment, delivery, transfer or issuance was made to a
guardian of the incapacitated or partially incapacitated person, and
he is not required to see to the application thereof. A person
making payment, delivery, transfer or issuance of property, or
evidence thereof, to a next friend or guardian ad litem may be
discharged and released as provided for in the Oklahoma Guardianship
and Conservatorship Act.
Status: in_force · Read it on the official government site
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