Okla. Stat. tit. 60, § 60-301.8
This is the official text of Okla. Stat. tit. 60, § 60-301.8, 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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Private inurement prohibited
Official statutory text
No private inurement.
1. Employees, officers, and members of the governing board of
the charitable organization administering a charitable trust or the
common charitable trust fund shall not receive commissions, bonuses,
or other remuneration based on the solicitation of charitable trusts
or investment of assets in the common charitable trust fund.
2. Employees, officers, and members of the governing board of
the charitable organization administering a charitable trust or the
common charitable trust fund shall not receive loans, gifts, or
other pecuniary benefits from a charitable trust or the common
charitable trust fund except that employees and officers of the
charitable organization may receive reasonable compensation for
their employment as a part of the administrative overhead of the
charitable organization administering a charitable trust or the
common charitable trust fund.
1. Employees, officers, and members of the governing board of
the charitable organization administering a charitable trust or the
common charitable trust fund shall not receive commissions, bonuses,
or other remuneration based on the solicitation of charitable trusts
or investment of assets in the common charitable trust fund.
2. Employees, officers, and members of the governing board of
the charitable organization administering a charitable trust or the
common charitable trust fund shall not receive loans, gifts, or
other pecuniary benefits from a charitable trust or the common
charitable trust fund except that employees and officers of the
charitable organization may receive reasonable compensation for
their employment as a part of the administrative overhead of the
charitable organization administering a charitable trust or the
common charitable trust fund.
Status: in_force · Read it on the official government site
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