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.

Status: in_force · Read it on the official government site

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