Okla. Stat. tit. 60, § 60-175.11
This is the official text of Okla. Stat. tit. 60, § 60-175.11, 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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Trustee buying from, or selling to, self, affiliate,
Official statutory text
etc.
No trustee shall directly or indirectly buy or sell any property
for the trust from or to itself or an affiliate; or from or to a
director, officer, or employee of such trustee or of an affiliate;
or from or to himself, a relative, employer, partner, or other
business associate; provided a national banking association or a
state bank and trust company performing trust functions, where
acting as executor, administrator, guardian, or trustee, may sell
stock of itself to one or more of its officers, stockholders, or
directors upon a court of competent jurisdiction finding that such
sale will be for the best interest of the trust estate and making an
order for such sale.
No trustee shall directly or indirectly buy or sell any property
for the trust from or to itself or an affiliate; or from or to a
director, officer, or employee of such trustee or of an affiliate;
or from or to himself, a relative, employer, partner, or other
business associate; provided a national banking association or a
state bank and trust company performing trust functions, where
acting as executor, administrator, guardian, or trustee, may sell
stock of itself to one or more of its officers, stockholders, or
directors upon a court of competent jurisdiction finding that such
sale will be for the best interest of the trust estate and making an
order for such sale.
Status: in_force · Read it on the official government site
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