Okla. Stat. tit. 60, § 60-175.19
This is the official text of Okla. Stat. tit. 60, § 60-175.19, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Torts of trustee - Exoneration or reimbursement
Official statutory text
A trustee who has incurred personal liability for a tort
committed in the administration of the trust is entitled to
exoneration therefor from the trust property;
A. If he has not discharged the claim, or to be reimbursed
therefor out of trust funds if he has paid the claim; if
1. The tort was a common incident of the kind of business
activity in which the trustee was properly engaged for the trust; or
2. Although the tort was not a common incident of such activity, if
neither the trustee nor any officer or employee of the trustee was
guilty of actionable negligence in incurring the liability.
B. If a trustee commits a tort which increases the value of the
trust property, he shall be entitled to exoneration or reimbursement
with respect thereto to the extent of such increase in value, even
though he would not otherwise be entitled to exoneration or
reimbursement.
Oklahoma Statutes - Title 60. Property Page 58
Where the trust instrument reserves to the trustor or vests in
an advisory or investment committee or any other person, including a
cotrustee, authority to direct the making or retention of
investments, the excluded trustee or trustees shall not be liable as
a trustee for any loss resulting from the making or retention of any
investment pursuant to such mandatory direction, except to the
extent the excluded trustee is negligent in carrying out the
execution of the directed investment or other directed action, and
nothing herein shall relieve any trustee having custody of any asset
from liability for exercising due diligence in the safekeeping
thereof.
committed in the administration of the trust is entitled to
exoneration therefor from the trust property;
A. If he has not discharged the claim, or to be reimbursed
therefor out of trust funds if he has paid the claim; if
1. The tort was a common incident of the kind of business
activity in which the trustee was properly engaged for the trust; or
2. Although the tort was not a common incident of such activity, if
neither the trustee nor any officer or employee of the trustee was
guilty of actionable negligence in incurring the liability.
B. If a trustee commits a tort which increases the value of the
trust property, he shall be entitled to exoneration or reimbursement
with respect thereto to the extent of such increase in value, even
though he would not otherwise be entitled to exoneration or
reimbursement.
Oklahoma Statutes - Title 60. Property Page 58
Where the trust instrument reserves to the trustor or vests in
an advisory or investment committee or any other person, including a
cotrustee, authority to direct the making or retention of
investments, the excluded trustee or trustees shall not be liable as
a trustee for any loss resulting from the making or retention of any
investment pursuant to such mandatory direction, except to the
extent the excluded trustee is negligent in carrying out the
execution of the directed investment or other directed action, and
nothing herein shall relieve any trustee having custody of any asset
from liability for exercising due diligence in the safekeeping
thereof.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.