Okla. Stat. tit. 60, § 60-178.13
This is the official text of Okla. Stat. tit. 60, § 60-178.13, 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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Trusts for benefit of hospitals - Exemptions from
Official statutory text
beneficiary approval requirements.
Any indebtedness issued by a public trust having as its
principal purpose, and which is primarily engaged in, the ownership
and operation of a hospital or related institution, as defined in
Section 1-701 of Title 63 of the Oklahoma Statutes, and the
beneficiary of which is a county or municipality shall not be
subject to the beneficiary approval requirements of Section 176 of
Title 60 of the Oklahoma Statutes, if the indebtedness does not
exceed five percent (5%) of the greater of:
1. The then existing total indebtedness of such trust; or
2. The value of all assets of such trust.
Any indebtedness issued by a public trust having as its
principal purpose, and which is primarily engaged in, the ownership
and operation of a hospital or related institution, as defined in
Section 1-701 of Title 63 of the Oklahoma Statutes, and the
beneficiary of which is a county or municipality shall not be
subject to the beneficiary approval requirements of Section 176 of
Title 60 of the Oklahoma Statutes, if the indebtedness does not
exceed five percent (5%) of the greater of:
1. The then existing total indebtedness of such trust; or
2. The value of all assets of such trust.
Status: in_force · Read it on the official government site
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