Okla. Stat. tit. 60, § 60-175.716
This is the official text of Okla. Stat. tit. 60, § 60-175.716, 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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Certain distributions prohibited
Official statutory text
CERTAIN DISTRIBUTIONS PROHIBITED
A. Except as provided by subsection B of this section, an
authorized trustee shall not exercise a power to distribute
principal of a trust otherwise provided by Section 3 or 4 of this
Oklahoma Statutes - Title 60. Property Page 115
act if the distribution is expressly prohibited by the terms of the
governing instrument of the trust.
B. A general prohibition of the amendment or revocation of a
trust or a provision that constitutes a spendthrift clause shall not
preclude the exercise of a power to distribute principal of a trust
under Section 3 or 4 of this act.
A. Except as provided by subsection B of this section, an
authorized trustee shall not exercise a power to distribute
principal of a trust otherwise provided by Section 3 or 4 of this
Oklahoma Statutes - Title 60. Property Page 115
act if the distribution is expressly prohibited by the terms of the
governing instrument of the trust.
B. A general prohibition of the amendment or revocation of a
trust or a provision that constitutes a spendthrift clause shall not
preclude the exercise of a power to distribute principal of a trust
under Section 3 or 4 of this act.
Status: in_force · Read it on the official government site
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