Oklahoma § 60-1207 Power of direction — Situations in which trust director

Oklahoma Statutes

§ 60-1207 — Power of direction — Situations in which trust director

Oklahoma § 60-1207

Title 60Property

This text of Oklahoma § 60-1207 (Power of direction — Situations in which trust director) 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, § 60-1207 (2026).

Text

subject to rules as trustee. A trust director is subject to the same rules as a trustee in a like position and under similar circumstances in the exercise or nonexercise of a power of direction or further power under paragraph 1 of subsection B of Section 7 of this act regarding: 1. A payback provision in the terms of a trust necessary to comply with the reimbursement requirements of Medicaid law in Section 1917 of the Social Security Act, 42 U.S.C., Section 1396p(d)(4)(A), as amended, and regulations issued thereunder, as amended; and 2. A charitable interest in the trust, including providing notice regarding the interest to the Attorney General.

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subject to rules as trustee. A trust director is subject to the same rules as a trustee in a like position and under similar circumstances in the exercise or nonexercise of a power of direction or further power under paragraph 1 of subsection B of Section 7 of this act regarding: 1. A payback provision in the terms of a trust necessary to comply with the reimbursement requirements of Medicaid law in Section 1917 of the Social Security Act, 42 U.S.C., Section 1396p(d)(4)(A), as amended, and regulations issued thereunder, as amended; and 2. A charitable interest in the trust, including providing notice regarding the interest to the Attorney General.