Okla. Stat. tit. 60, § 60-1208
This is the official text of Okla. Stat. tit. 60, § 60-1208, 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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Trust director — Fiduciary duty and liability — Providing
Official statutory text
health care.
A. Subject to subsection B of this section, with respect to a
power of direction or further power under paragraph 1 of subsection
B of Section 7 of this act:
1. A trust director has the same fiduciary duty and liability
in the exercise or nonexercise of the power:
a. if the power is held individually, as a sole trustee
in a like position and under similar circumstances, or
b. if the power is held jointly with a trustee or another
trust director, as a cotrustee in a like position and
under similar circumstances; and
2. The terms of the trust may vary the director's duty or
liability to the same extent the terms of the trust could vary the
duty or liability of a trustee in a like position and under similar
circumstances.
B. Unless the terms of a trust provide otherwise, if a trust
director is licensed, certified, or otherwise authorized or
permitted by law other than this act to provide health care in the
ordinary course of the director's business or practice of a
profession, to the extent the director acts in that capacity, the
director has no duty or liability under this act.
C. The terms of a trust may impose a duty or liability on a
trust director in addition to the duties and liabilities under this
section.
A. Subject to subsection B of this section, with respect to a
power of direction or further power under paragraph 1 of subsection
B of Section 7 of this act:
1. A trust director has the same fiduciary duty and liability
in the exercise or nonexercise of the power:
a. if the power is held individually, as a sole trustee
in a like position and under similar circumstances, or
b. if the power is held jointly with a trustee or another
trust director, as a cotrustee in a like position and
under similar circumstances; and
2. The terms of the trust may vary the director's duty or
liability to the same extent the terms of the trust could vary the
duty or liability of a trustee in a like position and under similar
circumstances.
B. Unless the terms of a trust provide otherwise, if a trust
director is licensed, certified, or otherwise authorized or
permitted by law other than this act to provide health care in the
ordinary course of the director's business or practice of a
profession, to the extent the director acts in that capacity, the
director has no duty or liability under this act.
C. The terms of a trust may impose a duty or liability on a
trust director in addition to the duties and liabilities under this
section.
Status: in_force · Read it on the official government site
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