Okla. Stat. tit. 60, § 60-1304
This is the official text of Okla. Stat. tit. 60, § 60-1304, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Qualified person defined
Official statutory text
A. For the purposes of the Oklahoma Qualified Dispositions into
Trust Act, a qualified person is:
1. An individual who, except for brief intervals, military
service, attendance at an educational or training institution, or
for absences for good cause shown, resides in this state, whose true
and permanent home is in this state, who does not have a present
intention of moving from this state, and who has the intention of
returning to this state when away;
2. A trust company that is organized under state law or under
federal law and that has its principal place of business in this
state; or
3. A bank or savings association that possesses and exercises
trust powers, has its principal place of business in this state, and
the deposits of which are insured by the Federal Deposit Insurance
Corporation.
B. A qualified person must meet the requirements as provided in
Section 23 of this act.
Trust Act, a qualified person is:
1. An individual who, except for brief intervals, military
service, attendance at an educational or training institution, or
for absences for good cause shown, resides in this state, whose true
and permanent home is in this state, who does not have a present
intention of moving from this state, and who has the intention of
returning to this state when away;
2. A trust company that is organized under state law or under
federal law and that has its principal place of business in this
state; or
3. A bank or savings association that possesses and exercises
trust powers, has its principal place of business in this state, and
the deposits of which are insured by the Federal Deposit Insurance
Corporation.
B. A qualified person must meet the requirements as provided in
Section 23 of this act.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.