Okla. Stat. tit. 60, § 60-175.710
This is the official text of Okla. Stat. tit. 60, § 60-175.710, 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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Court-ordered distribution
Official statutory text
COURT-ORDERED DISTRIBUTION
A. An authorized trustee may petition a court to order a
distribution under this act.
B. If the authorized trustee receives a written objection to a
distribution under this act from a beneficiary before the proposed
effective date of the distribution specified in the notice provided
to the beneficiary under Section 6 of this act, the trustee or the
beneficiary may petition a court to approve, modify or deny the
exercise of the trustee's power to make a distribution under this
act.
C. If the authorized trustee receives a written objection to
the distribution from the attorney general not later than the
thirtieth day after the date the notice required by Section 6 of
this act was received by the attorney general, the trustee shall not
make a distribution under Section 3 or 4 of this act without
petitioning a court to approve or modify the exercise of the
trustee's power to make a distribution under this act.
D. In a judicial proceeding under this section, the authorized
trustee may present the trustee's reasons for supporting or opposing
a proposed distribution, including whether the trustee believes the
distribution would enable the trustee to better carry out the
purposes of the trust.
E. The authorized trustee has the burden of proving that the
proposed distribution furthers the purposes of the trust, is not
expressly prohibited by the terms of the trust, and is in the
interests generally of the beneficiaries.
F. This section does not limit a beneficiary's right to bring
an action against a trustee for a breach of trust.
A. An authorized trustee may petition a court to order a
distribution under this act.
B. If the authorized trustee receives a written objection to a
distribution under this act from a beneficiary before the proposed
effective date of the distribution specified in the notice provided
to the beneficiary under Section 6 of this act, the trustee or the
beneficiary may petition a court to approve, modify or deny the
exercise of the trustee's power to make a distribution under this
act.
C. If the authorized trustee receives a written objection to
the distribution from the attorney general not later than the
thirtieth day after the date the notice required by Section 6 of
this act was received by the attorney general, the trustee shall not
make a distribution under Section 3 or 4 of this act without
petitioning a court to approve or modify the exercise of the
trustee's power to make a distribution under this act.
D. In a judicial proceeding under this section, the authorized
trustee may present the trustee's reasons for supporting or opposing
a proposed distribution, including whether the trustee believes the
distribution would enable the trustee to better carry out the
purposes of the trust.
E. The authorized trustee has the burden of proving that the
proposed distribution furthers the purposes of the trust, is not
expressly prohibited by the terms of the trust, and is in the
interests generally of the beneficiaries.
F. This section does not limit a beneficiary's right to bring
an action against a trustee for a breach of trust.
Status: in_force · Read it on the official government site
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