Okla. Stat. tit. 60, § 60-73
This is the official text of Okla. Stat. tit. 60, § 60-73, 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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Trustee's authority to invest income from royalties -
Official statutory text
Payments to life tenant or other person.
Under proper court order the trustee shall be authorized to
invest income from royalties pursuant to the provisions of the
Oklahoma Uniform Prudent Investor Act, unless otherwise provided by
law, which investments shall remain intact until the ultimate taker
is determined and shall then be paid over to the ultimate taker and
the trust closed. Income from investments shall be paid to the life
tenant or other person entitled thereto.
Under proper court order the trustee shall be authorized to
invest income from royalties pursuant to the provisions of the
Oklahoma Uniform Prudent Investor Act, unless otherwise provided by
law, which investments shall remain intact until the ultimate taker
is determined and shall then be paid over to the ultimate taker and
the trust closed. Income from investments shall be paid to the life
tenant or other person entitled thereto.
Status: in_force · Read it on the official government site
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