Okla. Stat. tit. 60, § 60-178.4
This is the official text of Okla. Stat. tit. 60, § 60-178.4, 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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Trust purpose - Exceptions
Official statutory text
A. Trusts created under the provisions of Sections 176 through
180.55 of this title or any amendments or extensions thereof shall
not include any trust purpose, function nor activity primarily used
in the distribution centers for intoxicating beverages and low-point
beer as defined in Title 37 of the Oklahoma Statutes; nor shall it
include a residential enterprise or function except as provided in
Section 178.6 of this title. For the purposes of this section,
"primarily used" shall mean more than fifty percent (50%) of the
warehouse.
B. Nothing in this section shall preclude the financing,
construction, ownership or leasing of a warehouse as a permissible
trust purpose, function or activity, so long as such warehouse is
not primarily used for housing, storage or distribution of
intoxicating beverages or low-point beer.
180.55 of this title or any amendments or extensions thereof shall
not include any trust purpose, function nor activity primarily used
in the distribution centers for intoxicating beverages and low-point
beer as defined in Title 37 of the Oklahoma Statutes; nor shall it
include a residential enterprise or function except as provided in
Section 178.6 of this title. For the purposes of this section,
"primarily used" shall mean more than fifty percent (50%) of the
warehouse.
B. Nothing in this section shall preclude the financing,
construction, ownership or leasing of a warehouse as a permissible
trust purpose, function or activity, so long as such warehouse is
not primarily used for housing, storage or distribution of
intoxicating beverages or low-point beer.
Status: in_force · Read it on the official government site
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