Okla. Stat. tit. 60, § 60-1607.3
This is the official text of Okla. Stat. tit. 60, § 60-1607.3, 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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Co-trustees
Official statutory text
A. Co-trustees who are unable to reach a unanimous decision may
act by majority decision.
B. If a vacancy occurs in a co-trusteeship, the remaining co-
trustees may act for the trust.
C. Subject to Section 1212 of Title 60 of the Oklahoma
Statutes, a co-trustee must participate in the performance of a
trustee's function unless the co-trustee is unavailable to perform
the function because of absence, illness, disqualification under
other law, or other temporary incapacity or the co-trustee has
properly delegated the performance of the function to another
trustee.
D. If a co-trustee is unavailable to perform duties because of
absence, illness, disqualification under other law, or other
temporary incapacity, and prompt action is necessary to achieve the
purposes of the trust or to avoid injury to the trust property, the
remaining co-trustee or a majority of the remaining co-trustees may
act for the trust.
Oklahoma Statutes - Title 60. Property Page 312
E. A trustee may not delegate to a co-trustee the performance
of a function the settlor reasonably expected the trustees to
perform jointly. Unless a delegation was irrevocable, a trustee may
revoke a delegation previously made.
F. Except as otherwise provided in subsection G of this
section, a trustee who does not join in an action of another trustee
is not liable for the action.
G. Subject to Section 1212 of Title 60 of the Oklahoma
Statutes, each trustee shall exercise reasonable care to:
1. Prevent a co-trustee from committing a serious breach of
trust; and
2. Compel a co-trustee to redress a serious breach of trust.
H. A dissenting trustee who joins in an action at the direction
of the majority of the trustees and who notified any co-trustee of
the dissent at or before the time of the action is not liable for
the action unless the action is a serious breach of trust.
act by majority decision.
B. If a vacancy occurs in a co-trusteeship, the remaining co-
trustees may act for the trust.
C. Subject to Section 1212 of Title 60 of the Oklahoma
Statutes, a co-trustee must participate in the performance of a
trustee's function unless the co-trustee is unavailable to perform
the function because of absence, illness, disqualification under
other law, or other temporary incapacity or the co-trustee has
properly delegated the performance of the function to another
trustee.
D. If a co-trustee is unavailable to perform duties because of
absence, illness, disqualification under other law, or other
temporary incapacity, and prompt action is necessary to achieve the
purposes of the trust or to avoid injury to the trust property, the
remaining co-trustee or a majority of the remaining co-trustees may
act for the trust.
Oklahoma Statutes - Title 60. Property Page 312
E. A trustee may not delegate to a co-trustee the performance
of a function the settlor reasonably expected the trustees to
perform jointly. Unless a delegation was irrevocable, a trustee may
revoke a delegation previously made.
F. Except as otherwise provided in subsection G of this
section, a trustee who does not join in an action of another trustee
is not liable for the action.
G. Subject to Section 1212 of Title 60 of the Oklahoma
Statutes, each trustee shall exercise reasonable care to:
1. Prevent a co-trustee from committing a serious breach of
trust; and
2. Compel a co-trustee to redress a serious breach of trust.
H. A dissenting trustee who joins in an action at the direction
of the majority of the trustees and who notified any co-trustee of
the dissent at or before the time of the action is not liable for
the action unless the action is a serious breach of trust.
Status: in_force · Read it on the official government site
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