Okla. Stat. tit. 60, § 60-175.45
This is the official text of Okla. Stat. tit. 60, § 60-175.45, 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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Grant deemed absolute as to purchasers or encumbrances
Official statutory text
for value - Notice of restrictions - Intent of Legislature.
(a) Where an express trust is created in relation to real
property; any grant, deed, conveyance, lease, easement, encumbrance,
assignment, or release by the trustee with respect to such real
property or interest therein shall be deemed authorized and binding
upon the trust in favor of purchasers or encumbrances for value
without either (i) actual notice of restrictions or limitations
established by the trust upon the trustee, or (ii) the constructive
notice as provided in subsection (b) hereof.
(b) If the instrument establishing the trust is recorded in the
county where the real property is located, said purchasers or
encumbrances for value shall be charged with constructive notice of
the restrictions and limitations contained in such instrument.
(c) It is the intent of the Legislature that trusts are private
instruments and it shall not be necessary to record the instrument
establishing a trust unless the trustor desires to put the public on
notice of restrictions or limitations upon the powers of the
trustee, in which case the same must be recorded.
(a) Where an express trust is created in relation to real
property; any grant, deed, conveyance, lease, easement, encumbrance,
assignment, or release by the trustee with respect to such real
property or interest therein shall be deemed authorized and binding
upon the trust in favor of purchasers or encumbrances for value
without either (i) actual notice of restrictions or limitations
established by the trust upon the trustee, or (ii) the constructive
notice as provided in subsection (b) hereof.
(b) If the instrument establishing the trust is recorded in the
county where the real property is located, said purchasers or
encumbrances for value shall be charged with constructive notice of
the restrictions and limitations contained in such instrument.
(c) It is the intent of the Legislature that trusts are private
instruments and it shall not be necessary to record the instrument
establishing a trust unless the trustor desires to put the public on
notice of restrictions or limitations upon the powers of the
trustee, in which case the same must be recorded.
Status: in_force · Read it on the official government site
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