Okla. Stat. tit. 60, § 60-1606.2
This is the official text of Okla. Stat. tit. 60, § 60-1606.2, 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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Settlor's powers — Power of withdrawal
Official statutory text
A. To the extent a trust is revocable by a settlor, a trustee
may follow a direction of the settlor that is contrary to the terms
of the trust. To the extent a trust is revocable by a settlor in
conjunction with a person other than a trustee or person holding an
adverse interest, the trustee may follow a direction from the
settlor and the other person holding the power to revoke even if the
direction is contrary to the terms of the trust.
B. To the extent a trust is revocable and the settlor has
capacity to revoke the trust, rights of the beneficiaries are
Oklahoma Statutes - Title 60. Property Page 310
subject to the control of, and the duties of the trustee are owed
exclusively to, the settlor.
C. During the period the power may be exercised, the holder of
a power of withdrawal has the rights of a settlor of a revocable
trust under this section to the extent of the property subject to
the power.
may follow a direction of the settlor that is contrary to the terms
of the trust. To the extent a trust is revocable by a settlor in
conjunction with a person other than a trustee or person holding an
adverse interest, the trustee may follow a direction from the
settlor and the other person holding the power to revoke even if the
direction is contrary to the terms of the trust.
B. To the extent a trust is revocable and the settlor has
capacity to revoke the trust, rights of the beneficiaries are
Oklahoma Statutes - Title 60. Property Page 310
subject to the control of, and the duties of the trustee are owed
exclusively to, the settlor.
C. During the period the power may be exercised, the holder of
a power of withdrawal has the rights of a settlor of a revocable
trust under this section to the extent of the property subject to
the power.
Status: in_force · Read it on the official government site
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