Okla. Stat. tit. 60, § 60-1403
This is the official text of Okla. Stat. tit. 60, § 60-1403, 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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Task Force on Trust Administration Review and Reform
Official statutory text
A. There is hereby created the Task Force on Trust
Administration Review and Reform. The Task Force shall be composed
of the following seven (7) members:
1. The Governor shall appoint three members, one of whom shall
be a member of the Oklahoma State Chamber, and one of whom shall be
a member of the Oklahoma Bankers Association;
2. The President Pro Tempore of the Oklahoma State Senate shall
appoint two members; and
3. The Speaker of the Oklahoma House of Representatives shall
appoint two members.
B. The Task Force shall review and make recommendations for
changing Oklahoma's trust administration statutes in order to
provide an efficient framework for the administration of trusts.
C. The Task Force shall provide a report to the Governor, the
President Pro Tempore of the Oklahoma State Senate, and the Speaker
of the Oklahoma House of Representatives with its recommendations
for legislation by November 1 of each year in which changes are
recommended.
D. A majority of the members shall constitute a quorum for the
purpose of conducting the business of the Task Force. The Task
Oklahoma Statutes - Title 60. Property Page 287
Force shall meet quarterly and at such other times as may be called
by the chair.
E. Members of the Task Force shall serve without compensation
but shall be reimbursed for expenses incurred in the performance of
their duties in accordance with the provisions of the State Travel
Reimbursement Act.
F. Administrative support for the Task Force including, but not
limited to, personnel necessary to ensure the proper performance of
the duties and responsibilities of the Task Force shall be provided
by the Oklahoma Legislative Office of Fiscal Transparency.
Administration Review and Reform. The Task Force shall be composed
of the following seven (7) members:
1. The Governor shall appoint three members, one of whom shall
be a member of the Oklahoma State Chamber, and one of whom shall be
a member of the Oklahoma Bankers Association;
2. The President Pro Tempore of the Oklahoma State Senate shall
appoint two members; and
3. The Speaker of the Oklahoma House of Representatives shall
appoint two members.
B. The Task Force shall review and make recommendations for
changing Oklahoma's trust administration statutes in order to
provide an efficient framework for the administration of trusts.
C. The Task Force shall provide a report to the Governor, the
President Pro Tempore of the Oklahoma State Senate, and the Speaker
of the Oklahoma House of Representatives with its recommendations
for legislation by November 1 of each year in which changes are
recommended.
D. A majority of the members shall constitute a quorum for the
purpose of conducting the business of the Task Force. The Task
Oklahoma Statutes - Title 60. Property Page 287
Force shall meet quarterly and at such other times as may be called
by the chair.
E. Members of the Task Force shall serve without compensation
but shall be reimbursed for expenses incurred in the performance of
their duties in accordance with the provisions of the State Travel
Reimbursement Act.
F. Administrative support for the Task Force including, but not
limited to, personnel necessary to ensure the proper performance of
the duties and responsibilities of the Task Force shall be provided
by the Oklahoma Legislative Office of Fiscal Transparency.
Status: in_force · Read it on the official government site
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