Oklahoma § 60-1305 Governing law — Jurisdiction over trusts created in

Oklahoma Statutes

§ 60-1305 — Governing law — Jurisdiction over trusts created in

Oklahoma § 60-1305

Title 60Property

This text of Oklahoma § 60-1305 (Governing law — Jurisdiction over trusts created in) 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, § 60-1305 (2026).

Text

foreign jurisdictions.

A.Except as expressly provided by the terms of a governing instrument or by a court order, a general law or a state jurisdiction provision stating that the laws of this state govern is valid, effective, and conclusive for the trust if all of the following are true: 1. Some or all of the trust assets are deposited in this state or physical evidence of such assets is held in this state and the trust is being administered by a qualified person. "Deposited in this state" includes being held in a checking account, time deposit, certificate of deposit, brokerage account, trust company fiduciary account, or other similar account or deposit that is located in this state, including Oklahoma investments; 2. A trustee is a qualified person who is designated as a trustee under

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foreign jurisdictions. A. Except as expressly provided by the terms of a governing instrument or by a court order, a general law or a state jurisdiction provision stating that the laws of this state govern is valid, effective, and conclusive for the trust if all of the following are true: 1. Some or all of the trust assets are deposited in this state or physical evidence of such assets is held in this state and the trust is being administered by a qualified person. "Deposited in this state" includes being held in a checking account, time deposit, certificate of deposit, brokerage account, trust company fiduciary account, or other similar account or deposit that is located in this state, including Oklahoma investments; 2. A trustee is a qualified person who is designated as a trustee under the governing instrument or a successor trusteeship, or designated by a court having jurisdiction over the trust; and 3. The administration, including physically maintaining trust records in this state, and preparing or arranging for the preparation of, on an exclusive basis or a nonexclusive basis, an income tax return that must be filed by the trust, occurs wholly or partly in this state. B. The courts of this state have jurisdiction over a trust created in a foreign jurisdiction if the administration of the trust meets the criteria of paragraphs 1 through 3 of subsection A of this section. C. Nothing in this section may be construed to be the exclusive means of providing a valid effective and conclusive state jurisdiction provision.