Okla. Stat. tit. 60, § 60-199
This is the official text of Okla. Stat. tit. 60, § 60-199, 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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Validity of a trust for the care of domestic or pet
Official statutory text
animals.
A. A trust for the care of designated domestic or pet animals
is valid. Unless the trust instrument provides for an earlier
termination, the trust terminates when no living animal is covered
by the trust.
B. The instrument creating the trust shall be liberally
construed to bring the transfer within the scope of trusts governed
by this section, to presume against the mere precatory or honorary
nature of the disposition, and to carry out the general intent of
the transferor. Extrinsic evidence is admissible in determining the
intent of the transferor.
C. If a trustee is not designated or no designated or successor
trustee is willing or able to serve, a court shall name a trustee.
Unless otherwise permitted by the trust, the trustee and the
enforcer as provided in subsection D of this section shall not be
the same person. The trustee shall be entitled to reasonable
trustee fees and expenses for the administration, unless otherwise
provided in the trust instrument. The trustee of a trust created in
accordance with this section shall ensure that care is provided for
the benefit of the animal in accordance with the terms of the trust
or, in absence of any terms, shall ensure that care is provided that
is reasonable under the circumstances. The trustee may employ
agents or contractors to provide any care and pay for the care from
the assets of the trust. The trustee shall also ensure that the
property of a trust authorized by this section is applied only to
its intended use.
Oklahoma Statutes - Title 60. Property Page 143
D. A trust authorized by this section may be enforced by a
person appointed in the trust instrument, the caretaker of the
designated animal or animals, and the remainder beneficiary, or, if
none, by an individual appointed by a court upon application to it
by an individual.
E. Accountings otherwise required by law shall be provided to
those persons qualified as an enforcer as provided for in subsection
D of this section. However, if the value of the assets in the trust
does not exceed Twenty Thousand Dollars ($20,000.00), no filing,
report, registration, periodic accounting, separate maintenance of
funds, appointment, or fee shall be required by reason of the
existence of the fiduciary relationship of the trustee, unless
ordered by the court or required by the trust instrument.
F. Each trust created pursuant to this section shall identify a
remainder beneficiary. If none is named, the trustee shall transfer
any unexpended trust property upon termination of the trust to the
transferor, if then living, or if not living, to the transferor’s
successors in interest.
G. For purposes of Section 175.47 of Title 60 of the Oklahoma
Statutes, the beneficiary or beneficiaries in being at the creation
of the trust shall include the caretaker of the designated animal or
animals and the remainder beneficiaries.
A. A trust for the care of designated domestic or pet animals
is valid. Unless the trust instrument provides for an earlier
termination, the trust terminates when no living animal is covered
by the trust.
B. The instrument creating the trust shall be liberally
construed to bring the transfer within the scope of trusts governed
by this section, to presume against the mere precatory or honorary
nature of the disposition, and to carry out the general intent of
the transferor. Extrinsic evidence is admissible in determining the
intent of the transferor.
C. If a trustee is not designated or no designated or successor
trustee is willing or able to serve, a court shall name a trustee.
Unless otherwise permitted by the trust, the trustee and the
enforcer as provided in subsection D of this section shall not be
the same person. The trustee shall be entitled to reasonable
trustee fees and expenses for the administration, unless otherwise
provided in the trust instrument. The trustee of a trust created in
accordance with this section shall ensure that care is provided for
the benefit of the animal in accordance with the terms of the trust
or, in absence of any terms, shall ensure that care is provided that
is reasonable under the circumstances. The trustee may employ
agents or contractors to provide any care and pay for the care from
the assets of the trust. The trustee shall also ensure that the
property of a trust authorized by this section is applied only to
its intended use.
Oklahoma Statutes - Title 60. Property Page 143
D. A trust authorized by this section may be enforced by a
person appointed in the trust instrument, the caretaker of the
designated animal or animals, and the remainder beneficiary, or, if
none, by an individual appointed by a court upon application to it
by an individual.
E. Accountings otherwise required by law shall be provided to
those persons qualified as an enforcer as provided for in subsection
D of this section. However, if the value of the assets in the trust
does not exceed Twenty Thousand Dollars ($20,000.00), no filing,
report, registration, periodic accounting, separate maintenance of
funds, appointment, or fee shall be required by reason of the
existence of the fiduciary relationship of the trustee, unless
ordered by the court or required by the trust instrument.
F. Each trust created pursuant to this section shall identify a
remainder beneficiary. If none is named, the trustee shall transfer
any unexpended trust property upon termination of the trust to the
transferor, if then living, or if not living, to the transferor’s
successors in interest.
G. For purposes of Section 175.47 of Title 60 of the Oklahoma
Statutes, the beneficiary or beneficiaries in being at the creation
of the trust shall include the caretaker of the designated animal or
animals and the remainder beneficiaries.
Status: in_force · Read it on the official government site
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