Okla. Stat. tit. 60, § 60-1604.9
This is the official text of Okla. Stat. tit. 60, § 60-1604.9, 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 trust — Proceedings for
Official statutory text
approval or disapproval.
A. In addition to the methods of termination prescribed by
Sections 29 through 32 of this act, a trust terminates to the extent
the trust is revoked or expires pursuant to its terms, no purpose of
the trust remains to be achieved, or the purposes of the trust have
become unlawful, contrary to public policy, or impossible to
achieve.
B. A proceeding to approve or disapprove a proposed
modification or termination under Sections 29 through 34 of this
act, or trust combination or division under Section 35 of this act,
may be commenced by a trustee or beneficiary, and a proceeding to
approve or disapprove a proposed modification or termination under
Section 29 of this act may be commenced by the settlor. The settlor
of a charitable trust may maintain a proceeding to modify the trust
under Section 31 of this act.
A. In addition to the methods of termination prescribed by
Sections 29 through 32 of this act, a trust terminates to the extent
the trust is revoked or expires pursuant to its terms, no purpose of
the trust remains to be achieved, or the purposes of the trust have
become unlawful, contrary to public policy, or impossible to
achieve.
B. A proceeding to approve or disapprove a proposed
modification or termination under Sections 29 through 34 of this
act, or trust combination or division under Section 35 of this act,
may be commenced by a trustee or beneficiary, and a proceeding to
approve or disapprove a proposed modification or termination under
Section 29 of this act may be commenced by the settlor. The settlor
of a charitable trust may maintain a proceeding to modify the trust
under Section 31 of this act.
Status: in_force · Read it on the official government site
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