Okla. Stat. tit. 60, § 60-177.1
This is the official text of Okla. Stat. tit. 60, § 60-177.1, 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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Limitation upon engaging in activity other than
Official statutory text
expressly authorized.
That no public trust shall engage in any activity or transaction
that is not expressly authorized in the instruments or articles
prescribing its creation except by express consent of the
governmental agency or governmental entity that created said public
trust. However, a public trust with a county as the beneficiary and
created for purposes of providing affordable housing may engage in
the activity related to the conveyance of real property to nonprofit
organizations for the purpose of affordable housing as may be
provided by law.
That no public trust shall engage in any activity or transaction
that is not expressly authorized in the instruments or articles
prescribing its creation except by express consent of the
governmental agency or governmental entity that created said public
trust. However, a public trust with a county as the beneficiary and
created for purposes of providing affordable housing may engage in
the activity related to the conveyance of real property to nonprofit
organizations for the purpose of affordable housing as may be
provided by law.
Status: in_force · Read it on the official government site
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