Okla. Stat. tit. 60, § 60-1604.12
This is the official text of Okla. Stat. tit. 60, § 60-1604.12, 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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Cy pres
Official statutory text
A. Except as otherwise provided in subsection B of this
section, if a particular charitable purpose becomes unlawful,
impracticable, impossible to achieve, or wasteful:
1. The trust does not fail, in whole or in part;
2. The trust property does not revert to the settlor or the
settlor's successors in interest; and
3. The court may apply cy pres to modify or terminate the trust
by directing that the trust property be applied or distributed, in
whole or in part, in a manner consistent with the settlor's
charitable purposes.
B. A provision in the terms of a charitable trust that would
result in distribution of the trust property to a noncharitable
beneficiary prevails over the power of the court under subsection A
of this section to apply cy pres to modify or terminate the trust
Oklahoma Statutes - Title 60. Property Page 308
only if, when the provision takes effect, the trust property is to
revert to the settlor and the settlor is still living.
section, if a particular charitable purpose becomes unlawful,
impracticable, impossible to achieve, or wasteful:
1. The trust does not fail, in whole or in part;
2. The trust property does not revert to the settlor or the
settlor's successors in interest; and
3. The court may apply cy pres to modify or terminate the trust
by directing that the trust property be applied or distributed, in
whole or in part, in a manner consistent with the settlor's
charitable purposes.
B. A provision in the terms of a charitable trust that would
result in distribution of the trust property to a noncharitable
beneficiary prevails over the power of the court under subsection A
of this section to apply cy pres to modify or terminate the trust
Oklahoma Statutes - Title 60. Property Page 308
only if, when the provision takes effect, the trust property is to
revert to the settlor and the settlor is still living.
Status: in_force · Read it on the official government site
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