Okla. Stat. tit. 60, § 60-175.20
This is the official text of Okla. Stat. tit. 60, § 60-175.20, 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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Actions for trustee's torts - Personal liability of
Official statutory text
trustee.
Where a trustee or his predecessor has incurred personal
liability for a tort committed in the course of his administration:
A. The trustee in his representative capacity may be sued and
collection had from the trust property, if the court shall determine
in such action:
1. That the tort was a common incident of the kind of business
activity in which the trustee or his predecessor was properly
engaged for the trust; or
2. That although the tort was not a common incident of such
activity neither the trustee nor his predecessor, nor any officer or
employee of the trustee or his predecessor, was guilty of actionable
negligence in incurring the liability; or
3. That although the tort did not fall within Classes 1 or 2
above, it increased the value of the trust property. If the tort is
within Classes 1 or 2 above, collection may be had of the full
amount of damage proved; and if the tort is within Class 3 above,
collection may be had only to the extent of the permanent increase
in the value of the trust property.
B. In an action against the trustee in his representative
capacity under this section the plaintiff need not prove that the
trustee could have secured reimbursement from the trust fund if he
had paid the plaintiff's claim.
C. No judgment shall be rendered in favor of the plaintiff in
such action unless he proves that within thirty (30) days after the
beginning of the action, or within such other period as the court
may fix, and more than thirty (30) days prior to obtaining the
judgment, he notified each of the beneficiaries known to the trustee
who then had a present or contingent interest of the existence and
nature of the action. Such notice shall be given by mailing copies
thereof in postpaid envelopes addressed to such beneficiaries at
their last known addresses. The trustee shall furnish the plaintiff
Oklahoma Statutes - Title 60. Property Page 59
a list of such beneficiaries and their addresses, within ten (10)
days after written demand therefor, and notification of the persons
on such list shall constitute compliance with the duty placed on the
plaintiff by this action. Any beneficiary may intervene in such
action and contest the right of the plaintiff to recover. If any
beneficiary is a minor or has been adjudged incompetent, the court
shall appoint a guardian ad litem, whose duty it shall be to defend
such action.
D. The trustee may also be held personally liable for any tort
committed by him, or his agents or employees in the course of their
employments, subject to the rights of exoneration or reimbursement
provided in Section 19 of this act.
Where a trustee or his predecessor has incurred personal
liability for a tort committed in the course of his administration:
A. The trustee in his representative capacity may be sued and
collection had from the trust property, if the court shall determine
in such action:
1. That the tort was a common incident of the kind of business
activity in which the trustee or his predecessor was properly
engaged for the trust; or
2. That although the tort was not a common incident of such
activity neither the trustee nor his predecessor, nor any officer or
employee of the trustee or his predecessor, was guilty of actionable
negligence in incurring the liability; or
3. That although the tort did not fall within Classes 1 or 2
above, it increased the value of the trust property. If the tort is
within Classes 1 or 2 above, collection may be had of the full
amount of damage proved; and if the tort is within Class 3 above,
collection may be had only to the extent of the permanent increase
in the value of the trust property.
B. In an action against the trustee in his representative
capacity under this section the plaintiff need not prove that the
trustee could have secured reimbursement from the trust fund if he
had paid the plaintiff's claim.
C. No judgment shall be rendered in favor of the plaintiff in
such action unless he proves that within thirty (30) days after the
beginning of the action, or within such other period as the court
may fix, and more than thirty (30) days prior to obtaining the
judgment, he notified each of the beneficiaries known to the trustee
who then had a present or contingent interest of the existence and
nature of the action. Such notice shall be given by mailing copies
thereof in postpaid envelopes addressed to such beneficiaries at
their last known addresses. The trustee shall furnish the plaintiff
Oklahoma Statutes - Title 60. Property Page 59
a list of such beneficiaries and their addresses, within ten (10)
days after written demand therefor, and notification of the persons
on such list shall constitute compliance with the duty placed on the
plaintiff by this action. Any beneficiary may intervene in such
action and contest the right of the plaintiff to recover. If any
beneficiary is a minor or has been adjudged incompetent, the court
shall appoint a guardian ad litem, whose duty it shall be to defend
such action.
D. The trustee may also be held personally liable for any tort
committed by him, or his agents or employees in the course of their
employments, subject to the rights of exoneration or reimbursement
provided in Section 19 of this act.
Status: in_force · Read it on the official government site
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