Okla. Stat. tit. 60, § 60-1207
This is the official text of Okla. Stat. tit. 60, § 60-1207, part of Oklahoma’s Stat. tit. 60, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 60,." Browse the sections below, each linked to its official government source.
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Power of direction — Situations in which trust director
Official statutory text
subject to rules as trustee.
A trust director is subject to the same rules as a trustee in a
like position and under similar circumstances in the exercise or
nonexercise of a power of direction or further power under paragraph
1 of subsection B of Section 7 of this act regarding:
1. A payback provision in the terms of a trust necessary to
comply with the reimbursement requirements of Medicaid law in
Oklahoma Statutes - Title 60. Property Page 271
Section 1917 of the Social Security Act, 42 U.S.C., Section
1396p(d)(4)(A), as amended, and regulations issued thereunder, as
amended; and
2. A charitable interest in the trust, including providing
notice regarding the interest to the Attorney General.
A trust director is subject to the same rules as a trustee in a
like position and under similar circumstances in the exercise or
nonexercise of a power of direction or further power under paragraph
1 of subsection B of Section 7 of this act regarding:
1. A payback provision in the terms of a trust necessary to
comply with the reimbursement requirements of Medicaid law in
Oklahoma Statutes - Title 60. Property Page 271
Section 1917 of the Social Security Act, 42 U.S.C., Section
1396p(d)(4)(A), as amended, and regulations issued thereunder, as
amended; and
2. A charitable interest in the trust, including providing
notice regarding the interest to the Attorney General.
Status: in_force · Read it on the official government site
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