Okla. Stat. tit. 58, § 58-1206
This is the official text of Okla. Stat. tit. 58, § 58-1206, part of Oklahoma’s Stat. tit. 58, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 58,." Browse the sections below, each linked to its official government source.
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Personal representatives or trustees - Irrevocable
Official statutory text
transfers to custodian.
A. A personal representative or trustee may make an irrevocable
transfer pursuant to the provisions of Section 10 of this act to a
custodian for the benefit of a minor as authorized in the governing
will or trust.
B. If the testator or settlor has nominated a custodian
according to Section 4 of this act to receive the custodial
property, the transfer must be made to that person.
C. If the testator or settlor has not nominated a custodian
according to Section 4 of this act, or all persons so nominated as
custodian die before the transfer or are unable, decline, or are
ineligible to serve, the personal representative or the trustee, as
the case may be, shall designate the custodian from among those
eligible to serve as custodian for property of that kind according
to the provisions of subsection A of Section 10 of this act.
A. A personal representative or trustee may make an irrevocable
transfer pursuant to the provisions of Section 10 of this act to a
custodian for the benefit of a minor as authorized in the governing
will or trust.
B. If the testator or settlor has nominated a custodian
according to Section 4 of this act to receive the custodial
property, the transfer must be made to that person.
C. If the testator or settlor has not nominated a custodian
according to Section 4 of this act, or all persons so nominated as
custodian die before the transfer or are unable, decline, or are
ineligible to serve, the personal representative or the trustee, as
the case may be, shall designate the custodian from among those
eligible to serve as custodian for property of that kind according
to the provisions of subsection A of Section 10 of this act.
Status: in_force · Read it on the official government site
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