Okla. Stat. tit. 60, § 60-175.86
This is the official text of Okla. Stat. tit. 60, § 60-175.86, 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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Distribution interest - Mandatory, support, and
Official statutory text
discretionary interests.
A. A distribution interest in a trust shall be classified as a
mandatory interest, a support interest or a discretionary interest.
B. A beneficiary may concurrently hold a mandatory interest,
support interest or discretionary interest. To the extent a trust
contains a combination of a discretionary interest, a support
interest or a mandatory interest, the trust shall be a mandatory
interest only to the extent of the mandatory language and a support
interest only to the extent of the support language. The remaining
trust property shall be held as a discretionary interest.
A. A distribution interest in a trust shall be classified as a
mandatory interest, a support interest or a discretionary interest.
B. A beneficiary may concurrently hold a mandatory interest,
support interest or discretionary interest. To the extent a trust
contains a combination of a discretionary interest, a support
interest or a mandatory interest, the trust shall be a mandatory
interest only to the extent of the mandatory language and a support
interest only to the extent of the support language. The remaining
trust property shall be held as a discretionary interest.
Status: in_force · Read it on the official government site
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