Okla. Stat. tit. 60, § 60-1211
This is the official text of Okla. Stat. tit. 60, § 60-1211, 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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Non-duty of trustee and trust director
Official statutory text
A. Unless the terms of a trust provide otherwise:
1. A trustee does not have a duty to:
a. monitor a trust director, or
b. inform or give advice to a settlor, beneficiary,
trustee, or trust director concerning an instance in
which the trustee might have acted differently than
the director; and
Oklahoma Statutes - Title 60. Property Page 273
2. By taking an action described in paragraph 1 of this
subsection, a trustee does not assume the duty excluded by paragraph
1 of this subsection.
B. Unless the terms of a trust provide otherwise:
1. A trust director does not have a duty to:
a. monitor a trustee or another trust director, or
b. inform or give advice to a settlor, beneficiary,
trustee, or another trust director concerning an
instance in which the director might have acted
differently than a trustee or another trust director;
and
2. By taking an action described in paragraph 1 of this
subsection, a trust director does not assume the duty excluded by
paragraph 1 of this subsection.
1. A trustee does not have a duty to:
a. monitor a trust director, or
b. inform or give advice to a settlor, beneficiary,
trustee, or trust director concerning an instance in
which the trustee might have acted differently than
the director; and
Oklahoma Statutes - Title 60. Property Page 273
2. By taking an action described in paragraph 1 of this
subsection, a trustee does not assume the duty excluded by paragraph
1 of this subsection.
B. Unless the terms of a trust provide otherwise:
1. A trust director does not have a duty to:
a. monitor a trustee or another trust director, or
b. inform or give advice to a settlor, beneficiary,
trustee, or another trust director concerning an
instance in which the director might have acted
differently than a trustee or another trust director;
and
2. By taking an action described in paragraph 1 of this
subsection, a trust director does not assume the duty excluded by
paragraph 1 of this subsection.
Status: in_force · Read it on the official government site
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