Okla. Stat. tit. 60, § 60-1608.15

Without limiting the authority conferred by Section 62 of this

act, a trustee may:

1. Collect trust property and accept or reject additions to the

trust property from a settlor or any other person;

2. Acquire or sell property, for cash or on credit, at public

or private sale;

3. Exchange, partition, or otherwise change the character of

trust property;

4. Deposit trust money in an account in a regulated financial

service institution;

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5. Borrow money, with or without security, and mortgage or

pledge trust property for a period within or extending beyond the

duration of the trust;

6. With respect to an interest in a proprietorship,

partnership, limited liability company, business trust, corporation,

or other form of business or enterprise, continue the business or

other enterprise and take any action that may be taken by

shareholders, members, or property owners, including merging,

dissolving, or otherwise changing the form of business organization

or contributing additional capital;

7. With respect to stocks or other securities, exercise the

rights of an absolute owner, including the right to:

a. vote, or give proxies to vote, with or without power

of substitution, or enter into or continue a voting

trust agreement,

b. hold a security in the name of a nominee or in other

form without disclosure of the trust so that title may

pass by delivery,

c. pay calls, assessments, and other sums chargeable or

accruing against the securities, and sell or exercise

stock subscription or conversion rights, and

d. deposit the securities with a depositary or other

regulated financial service institution;

8. With respect to an interest in real property, construct, or

make ordinary or extraordinary repairs to, alterations to, or

improvements in, buildings or other structures, demolish

improvements, raze existing or erect new party walls or buildings,

subdivide or develop land, dedicate land to public use or grant

public or private easements, and make or vacate plats and adjust

boundaries;

9. Enter into a lease for any purpose as lessor or lessee,

including a lease or other arrangement for exploration and removal

of natural resources, with or without the option to purchase or

renew, for a period within or extending beyond the duration of the

trust;

10. Grant an option involving a sale, lease, or other

disposition of trust property or acquire an option for the

acquisition of property, including an option exercisable beyond the

duration of the trust, and exercise an option so acquired;

11. Insure the property of the trust against damage or loss and

insure the trustee, the trustee's agents, and beneficiaries against

liability arising from the administration of the trust;

12. Abandon or decline to administer property of no value or of

insufficient value to justify its collection or continued

administration;

13. With respect to possible liability for violation of

environmental law:

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a. inspect or investigate property the trustee holds or

has been asked to hold, or property owned or operated

by an organization in which the trustee holds or has

been asked to hold an interest, for the purpose of

determining the application of environmental law with

respect to the property,

b. take action to prevent, abate, or otherwise remedy any

actual or potential violation of any environmental law

affecting property held directly or indirectly by the

trustee, whether taken before or after the assertion

of a claim or the initiation of governmental

enforcement,

c. decline to accept property into trust or disclaim any

power with respect to property that is or may be

burdened with liability for violation of environmental

law,

d. compromise claims against the trust which may be

asserted for an alleged violation of environmental

law, and

e. pay the expense of any inspection, review, abatement,
f a claim or the initiation of governmental

enforcement,

c. decline to accept property into trust or disclaim any

power with respect to property that is or may be

burdened with liability for violation of environmental

law,

d. compromise claims against the trust which may be

asserted for an alleged violation of environmental

law, and

e. pay the expense of any inspection, review, abatement,

or remedial action to comply with environmental law;

14. Pay or contest any claim, settle a claim by or against the

trust, and release, in whole or in part, a claim belonging to the

trust;

15. Pay taxes, assessments, compensation of the trustee and of

employees and agents of the trust, and other expenses incurred in

the administration of the trust;

16. Exercise elections with respect to federal, state, and

local taxes;

17. Select a mode of payment under any employee benefit or

retirement plan, annuity, or life insurance payable to the trustee,

exercise rights thereunder, including exercise of the right to

indemnification for expenses and against liabilities, and take

appropriate action to collect the proceeds;

18. Make loans out of trust property, including loans to a

beneficiary on terms and conditions the trustee considers to be fair

and reasonable under the circumstances, and the trustee has a lien

on future distributions for repayment of those loans;

19. Pledge trust property to guarantee loans made by others to

the beneficiary;

20. Appoint a trustee to act in another jurisdiction with

respect to trust property located in the other jurisdiction, confer

upon the appointed trustee all of the powers and duties of the

appointing trustee, require that the appointed trustee furnish

security, and remove any trustee so appointed;

21. Pay an amount distributable to a beneficiary who is under a

legal disability or who the trustee reasonably believes is

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incapacitated, by paying it directly to the beneficiary or applying

it for the beneficiary's benefit, or by:

a. paying it to the beneficiary's guardian of the

property or, if the beneficiary does not have a

guardian of the property, the beneficiary's guardian

of the person,

b. paying it to the beneficiary's custodian under the

Oklahoma Uniform Transfers to Minors Act, and, for

that purpose, creating a custodianship,

c. if the trustee does not know of a guardian of the

property, guardian of the person, or custodian, paying

it to an adult relative or other person having legal

or physical care or custody of the beneficiary, to be

expended on the beneficiary's behalf, or

d. managing it as a separate fund on the beneficiary's

behalf, subject to the beneficiary's continuing right

to withdraw the distribution;

22. On distribution of trust property or the division or

termination of a trust, make distributions in divided or undivided

interests, allocate particular assets in proportionate or

disproportionate shares, value the trust property for those

purposes, and adjust for resulting differences in valuation;

23. Resolve a dispute concerning the interpretation of the

trust or its administration by mediation, arbitration, or other

procedure for alternative dispute resolution;

24. Prosecute or defend an action, claim, or judicial

proceeding in any jurisdiction to protect trust property and the

trustee in the performance of the trustee's duties;

25. Sign and deliver contracts and other instruments that are

useful to achieve or facilitate the exercise of the trustee's

powers; and

26. On termination of the trust, exercise the powers

appropriate to wind up the administration of the trust and

distribute the trust property to the persons entitled to it.