Okla. Stat. tit. 60, § 60-175.413
This is the official text of Okla. Stat. tit. 60, § 60-175.413, 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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Property not productive of income
Official statutory text
PROPERTY NOT PRODUCTIVE OF INCOME
A. If a marital deduction is allowed for all or part of a trust
whose assets consist substantially of property that does not provide
the spouse with sufficient income from or use of the trust assets,
and if the amounts that the trustee transfers from principal to
income under Section 175.104 of Title 60 of the Oklahoma Statutes
and distributes to the spouse from principal pursuant to the terms
of the trust are insufficient to provide the spouse with the
beneficial enjoyment required to obtain the marital deduction, the
spouse may require the trustee to make property productive of
income, convert property within a reasonable time, or exercise the
power conferred by subsection A of Section 175.104 of Title 60 of
the Oklahoma Statutes. The trustee may decide which action or
combination of actions to take.
B. In cases not governed by subsection A of this section,
proceeds from the sale or other disposition of an asset are
principal without regard to the amount of income the asset produces
during any accounting period.
A. If a marital deduction is allowed for all or part of a trust
whose assets consist substantially of property that does not provide
the spouse with sufficient income from or use of the trust assets,
and if the amounts that the trustee transfers from principal to
income under Section 175.104 of Title 60 of the Oklahoma Statutes
and distributes to the spouse from principal pursuant to the terms
of the trust are insufficient to provide the spouse with the
beneficial enjoyment required to obtain the marital deduction, the
spouse may require the trustee to make property productive of
income, convert property within a reasonable time, or exercise the
power conferred by subsection A of Section 175.104 of Title 60 of
the Oklahoma Statutes. The trustee may decide which action or
combination of actions to take.
B. In cases not governed by subsection A of this section,
proceeds from the sale or other disposition of an asset are
principal without regard to the amount of income the asset produces
during any accounting period.
Status: in_force · Read it on the official government site
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