Okla. Stat. tit. 60, § 60-1608.7
This is the official text of Okla. Stat. tit. 60, § 60-1608.7, 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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Delegation by trustee
Official statutory text
A. A trustee may delegate duties and powers that a prudent
trustee of comparable skills could properly delegate under the
circumstances. The trustee shall exercise reasonable care, skill,
and caution in:
1. Selecting an agent;
2. Establishing the scope and terms of the delegation,
consistent with the purposes and terms of the trust; and
3. Periodically reviewing the agent's actions in order to
monitor the agent's performance and compliance with the terms of the
delegation.
B. In performing a delegated function, an agent owes a duty to
the trust to exercise reasonable care to comply with the terms of
the delegation.
C. A trustee who complies with subsection A of this section is
not liable to the beneficiaries or to the trust for an action of the
agent to whom the function was delegated.
D. By accepting a delegation of powers or duties from the
trustee of a trust that is subject to the law of this state, an
agent submits to the jurisdiction of the courts of this state.
trustee of comparable skills could properly delegate under the
circumstances. The trustee shall exercise reasonable care, skill,
and caution in:
1. Selecting an agent;
2. Establishing the scope and terms of the delegation,
consistent with the purposes and terms of the trust; and
3. Periodically reviewing the agent's actions in order to
monitor the agent's performance and compliance with the terms of the
delegation.
B. In performing a delegated function, an agent owes a duty to
the trust to exercise reasonable care to comply with the terms of
the delegation.
C. A trustee who complies with subsection A of this section is
not liable to the beneficiaries or to the trust for an action of the
agent to whom the function was delegated.
D. By accepting a delegation of powers or duties from the
trustee of a trust that is subject to the law of this state, an
agent submits to the jurisdiction of the courts of this state.
Status: in_force · Read it on the official government site
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