Okla. Stat. tit. 31, § 31-13
This is the official text of Okla. Stat. tit. 31, § 31-13, part of Oklahoma’s Stat. tit. 31, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 31,." Browse the sections below, each linked to its official government source.
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Preservation trust - Revocable or irrevocable -
Official statutory text
Contributions.
A preservation trust may be established as a revocable and
amendable trust or as an irrevocable trust. If the grantor of a
preservation trust revokes or partially revokes the preservation
trust, the exemption provisions of Section 12 of this title shall
not be applicable to any property received by the grantor as a
result of such revocation or partial revocation. The fair market
value of any property received by the grantor as a result of a
partial revocation shall increase the amount of property which the
grantor may contribute to the preservation trust pursuant to Section
12 of this title.
A preservation trust may be established as a revocable and
amendable trust or as an irrevocable trust. If the grantor of a
preservation trust revokes or partially revokes the preservation
trust, the exemption provisions of Section 12 of this title shall
not be applicable to any property received by the grantor as a
result of such revocation or partial revocation. The fair market
value of any property received by the grantor as a result of a
partial revocation shall increase the amount of property which the
grantor may contribute to the preservation trust pursuant to Section
12 of this title.
Status: in_force · Read it on the official government site
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