Okla. Stat. tit. 60, § 60-1604.13
This is the official text of Okla. Stat. tit. 60, § 60-1604.13, 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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Modification or termination of uneconomic trust
Official statutory text
A. After notice to the qualified beneficiaries, the trustee of
a trust consisting of trust property having a total value less than
Fifty Thousand Dollars ($50,000.00) may terminate the trust if the
trustee concludes that the value of the trust property is
insufficient to justify the cost of administration.
B. The court may modify or terminate a trust or remove the
trustee and appoint a different trustee if it determines that the
value of the trust property is insufficient to justify the cost of
administration.
C. Upon termination of a trust under this section, the trustee
shall distribute the trust property in a manner consistent with the
purposes of the trust.
D. This section does not apply to an easement for conservation
or preservation.
a trust consisting of trust property having a total value less than
Fifty Thousand Dollars ($50,000.00) may terminate the trust if the
trustee concludes that the value of the trust property is
insufficient to justify the cost of administration.
B. The court may modify or terminate a trust or remove the
trustee and appoint a different trustee if it determines that the
value of the trust property is insufficient to justify the cost of
administration.
C. Upon termination of a trust under this section, the trustee
shall distribute the trust property in a manner consistent with the
purposes of the trust.
D. This section does not apply to an easement for conservation
or preservation.
Status: in_force · Read it on the official government site
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