Okla. Stat. tit. 60, § 60-1209
This is the official text of Okla. Stat. tit. 60, § 60-1209, 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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Directed trustee — Reasonable action to comply —
Official statutory text
Exceptions — Non-effective release of trustee.
A. Subject to subsection B of this section, a directed trustee
shall take reasonable action to comply with a trust director's
exercise or nonexercise of a power of direction or further power
under paragraph 1 of subsection B of Section 7 of this act, and the
trustee is not liable for the action.
B. A directed trustee must not comply with a trust director's
exercise or nonexercise of a power of direction or further power
under paragraph 1 of subsection B of Section 7 of this act to the
extent that by complying, the trustee would engage in willful
misconduct.
Oklahoma Statutes - Title 60. Property Page 272
C. An exercise of a power of direction under which a trust
director may release a trustee or another trust director from
liability for breach of trust is not effective if:
1. The breach involved the trustee's or other director's
willful misconduct;
2. The release was induced by improper conduct of the trustee
or other director in procuring the release; or
3. At the time of the release, the trust director did not know
the material facts relating to the breach.
D. A directed trustee that has reasonable doubt about its duty
under this section may petition the district court for instructions.
E. The terms of a trust may impose a duty or liability on a
directed trustee in addition to the duties and liabilities under
this section.
A. Subject to subsection B of this section, a directed trustee
shall take reasonable action to comply with a trust director's
exercise or nonexercise of a power of direction or further power
under paragraph 1 of subsection B of Section 7 of this act, and the
trustee is not liable for the action.
B. A directed trustee must not comply with a trust director's
exercise or nonexercise of a power of direction or further power
under paragraph 1 of subsection B of Section 7 of this act to the
extent that by complying, the trustee would engage in willful
misconduct.
Oklahoma Statutes - Title 60. Property Page 272
C. An exercise of a power of direction under which a trust
director may release a trustee or another trust director from
liability for breach of trust is not effective if:
1. The breach involved the trustee's or other director's
willful misconduct;
2. The release was induced by improper conduct of the trustee
or other director in procuring the release; or
3. At the time of the release, the trust director did not know
the material facts relating to the breach.
D. A directed trustee that has reasonable doubt about its duty
under this section may petition the district court for instructions.
E. The terms of a trust may impose a duty or liability on a
directed trustee in addition to the duties and liabilities under
this section.
Status: in_force · Read it on the official government site
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