Oklahoma § 60-1203 Scope and application.

Oklahoma Statutes

§ 60-1203 — Scope and application.

Oklahoma § 60-1203

Title 60Property

This text of Oklahoma § 60-1203 (Scope and application.) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 60, § 60-1203 (2026).

Text

A.This act applies to a trust, whenever created, that has its principal place of administration in this state and is subject to the following rules: 1. If the trust was created before the effective date of this act, this act applies only to a decision or action occurring on or after the effective date of this act; and 2. If the principal place of administration of the trust is changed to this state on or after the effective date of this act, this act applies only to a decision or action occurring on or after the date of the change.

B.Without precluding other means to establish a sufficient connection with the designated jurisdiction in a directed trust, the terms of the trust which designate the principal place of administration of the trust are valid and controlling if: 1. A trustee's p

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A. This act applies to a trust, whenever created, that has its principal place of administration in this state and is subject to the following rules: 1. If the trust was created before the effective date of this act, this act applies only to a decision or action occurring on or after the effective date of this act; and 2. If the principal place of administration of the trust is changed to this state on or after the effective date of this act, this act applies only to a decision or action occurring on or after the date of the change. B. Without precluding other means to establish a sufficient connection with the designated jurisdiction in a directed trust, the terms of the trust which designate the principal place of administration of the trust are valid and controlling if: 1. A trustee's principal place of business is located in or a trustee is a resident of the designated jurisdiction; 2. A trust director's principal place of business is located in or a trust director is a resident of the designated jurisdiction; or 3. All or part of the administration occurs in the designated jurisdiction.