Okla. Stat. tit. 60, § 60-175.501
This is the official text of Okla. Stat. tit. 60, § 60-175.501, 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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Disbursements from income
Official statutory text
DISBURSEMENTS FROM INCOME
A trustee shall make the following disbursements from income to
the extent that they are not disbursements to which subparagraph b
or c of paragraph 2 of Section 5 of this act applies:
1. One-half of the regular compensation of the trustee and of
any person providing investment advisory or custodial services to
the trustee;
2. One-half of all expenses for accountings, judicial
proceedings, or other matters that involve both the income and
remainder interests;
3. All of the other ordinary expenses incurred in connection
with the administration, management, or preservation of trust
property and the distribution of income, including interest,
ordinary repairs, regularly recurring taxes assessed against
principal, and expenses of a proceeding or other matter that
concerns primarily the income interest; and
4. Recurring premiums on insurance covering the loss of a
principal asset or the loss of income from or use of the asset.
A trustee shall make the following disbursements from income to
the extent that they are not disbursements to which subparagraph b
or c of paragraph 2 of Section 5 of this act applies:
1. One-half of the regular compensation of the trustee and of
any person providing investment advisory or custodial services to
the trustee;
2. One-half of all expenses for accountings, judicial
proceedings, or other matters that involve both the income and
remainder interests;
3. All of the other ordinary expenses incurred in connection
with the administration, management, or preservation of trust
property and the distribution of income, including interest,
ordinary repairs, regularly recurring taxes assessed against
principal, and expenses of a proceeding or other matter that
concerns primarily the income interest; and
4. Recurring premiums on insurance covering the loss of a
principal asset or the loss of income from or use of the asset.
Status: in_force · Read it on the official government site
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