Okla. Stat. tit. 60, § 60-1308
This is the official text of Okla. Stat. tit. 60, § 60-1308, 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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Qualified person — Resignation — Successor
Official statutory text
If a qualified person of a trust ceases to meet the requirements
of Section 22 of this act and there remains no trustee that meets
such requirements, such qualified person shall be deemed to have
resigned as of the time of such cessation, and thereupon the
successor qualified person provided for in the trust instrument
shall become a qualified person of the trust, or in the absence of
any successor qualified person provided for in the trust instrument,
the circuit court shall, upon application of any interested party,
appoint a successor qualified person.
of Section 22 of this act and there remains no trustee that meets
such requirements, such qualified person shall be deemed to have
resigned as of the time of such cessation, and thereupon the
successor qualified person provided for in the trust instrument
shall become a qualified person of the trust, or in the absence of
any successor qualified person provided for in the trust instrument,
the circuit court shall, upon application of any interested party,
appoint a successor qualified person.
Status: in_force · Read it on the official government site
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