Okla. Stat. tit. 60, § 60-1310
This is the official text of Okla. Stat. tit. 60, § 60-1310, 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 disposition — Applicability of act — Limit on
Official statutory text
powers and rights of transferor.
A qualified disposition is subject to Sections 29 through 34 of
this act, notwithstanding a transferor's retention of any or all of
the powers and rights described in paragraph 2 of subsection A of
Section 21 of this act and the transferor's service as a trust
advisor pursuant to Section 25 of this act. The transferor has only
such powers and rights as are conferred by the trust instrument.
Except as permitted by Sections 21 and 25 of this act, a transferor
has no rights or authority with respect to the property that is the
subject of a qualified disposition or the income therefrom, and any
agreement or understanding purporting to grant or permit the
retention of any greater rights or authority is void.
A qualified disposition is subject to Sections 29 through 34 of
this act, notwithstanding a transferor's retention of any or all of
the powers and rights described in paragraph 2 of subsection A of
Section 21 of this act and the transferor's service as a trust
advisor pursuant to Section 25 of this act. The transferor has only
such powers and rights as are conferred by the trust instrument.
Except as permitted by Sections 21 and 25 of this act, a transferor
has no rights or authority with respect to the property that is the
subject of a qualified disposition or the income therefrom, and any
agreement or understanding purporting to grant or permit the
retention of any greater rights or authority is void.
Status: in_force · Read it on the official government site
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