Oklahoma § 58-1206 Personal representatives or trustees - Irrevocable

Oklahoma Statutes

§ 58-1206 — Personal representatives or trustees - Irrevocable

Oklahoma·Title 58 Probate Procedure

transfers to custodian.

A.A personal representative or trustee may make an irrevocable transfer pursuant to the provisions of Section 10 of this act to a custodian for the benefit of a minor as authorized in the governing will or trust.

B.If the testator or settlor has nominated a custodian according to Section 4 of this act to receive the custodial property, the transfer must be made to that person.

C.If the testator or settlor has not nominated a custodian according to Section 4 of this act, or all persons so nominated as custodian die before the transfer or are unable, decline, or are ineligible to serve, the personal representative or the trustee, as the case may be, shall designate the custodian from among those eligible to serve as custodian for property of that kind according to

Free access — add to your briefcase to read the full text and ask questions with AI

transfers to custodian. A. A personal representative or trustee may make an irrevocable transfer pursuant to the provisions of Section 10 of this act to a custodian for the benefit of a minor as authorized in the governing will or trust. B. If the testator or settlor has nominated a custodian according to Section 4 of this act to receive the custodial property, the transfer must be made to that person. C. If the testator or settlor has not nominated a custodian according to Section 4 of this act, or all persons so nominated as custodian die before the transfer or are unable, decline, or are ineligible to serve, the personal representative or the trustee, as the case may be, shall designate the custodian from among those eligible to serve as custodian for property of that kind according to the provisions of subsection A of Section 10 of this act.

Oklahoma § 58-1206 (Personal representatives or trustees - Irrevocable) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.