Okla. Stat. tit. 60, § 60-175.69
This is the official text of Okla. Stat. tit. 60, § 60-175.69, 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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Delegation of investment and management functions
Official statutory text
Delegation of Investment and Management Functions.
A. A trustee may delegate investment and management functions
that a prudent trustee of comparable skills could properly delegate
under the circumstances. The trustee shall exercise reasonable
care, skill, and caution in:
1. Selecting an agent;
2. Establishing the scope and terms of the delegation,
consistent with the purposes and terms of the trust; and
3. Periodically reviewing the agent's actions in order to
monitor the agent's performance and compliance with the terms of the
delegation.
B. In performing a delegated function, an agent owes a duty to
the trust to exercise reasonable care to comply with the terms of
the delegation.
C. A trustee who complies with the requirements of subsection A
of this section is not liable to the beneficiaries or to the trust
for the decisions or actions of the agent to whom the function was
delegated.
D. By accepting the delegation of a trust function from the
trustee of a trust that is subject to the laws of this state, an
agent submits to the jurisdiction of the courts of this state.
A. A trustee may delegate investment and management functions
that a prudent trustee of comparable skills could properly delegate
under the circumstances. The trustee shall exercise reasonable
care, skill, and caution in:
1. Selecting an agent;
2. Establishing the scope and terms of the delegation,
consistent with the purposes and terms of the trust; and
3. Periodically reviewing the agent's actions in order to
monitor the agent's performance and compliance with the terms of the
delegation.
B. In performing a delegated function, an agent owes a duty to
the trust to exercise reasonable care to comply with the terms of
the delegation.
C. A trustee who complies with the requirements of subsection A
of this section is not liable to the beneficiaries or to the trust
for the decisions or actions of the agent to whom the function was
delegated.
D. By accepting the delegation of a trust function from the
trustee of a trust that is subject to the laws of this state, an
agent submits to the jurisdiction of the courts of this state.
Status: in_force · Read it on the official government site
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