Okla. Stat. tit. 60, § 60-175.87
This is the official text of Okla. Stat. tit. 60, § 60-175.87, 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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Creditor attachment of mandatory distributions
Official statutory text
A. If a trust created on or after November 1, 2010, contains a
spendthrift provision, a creditor shall not attach present and
future mandatory distributions from the trust. A creditor shall
wait until a distribution is received by a beneficiary before
attachment. However, an exception creditor may attach present and
future mandatory distributions for child support.
B. If a trust does not contain a spendthrift provision, a
creditor may attach present and future mandatory distributions from
the trust at the trust level.
C. A beneficiary holding a mandatory distribution interest may
enforce the interest. A court may review the distribution
discretion of a trustee if the trustee acts beyond the bounds of
reasonableness.
spendthrift provision, a creditor shall not attach present and
future mandatory distributions from the trust. A creditor shall
wait until a distribution is received by a beneficiary before
attachment. However, an exception creditor may attach present and
future mandatory distributions for child support.
B. If a trust does not contain a spendthrift provision, a
creditor may attach present and future mandatory distributions from
the trust at the trust level.
C. A beneficiary holding a mandatory distribution interest may
enforce the interest. A court may review the distribution
discretion of a trustee if the trustee acts beyond the bounds of
reasonableness.
Status: in_force · Read it on the official government site
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