Oklahoma § 60-1316 Multiple qualified dispositions by same trust instrument.

Oklahoma Statutes

§ 60-1316 — Multiple qualified dispositions by same trust instrument.

Oklahoma § 60-1316

Title 60Property

This text of Oklahoma § 60-1316 (Multiple qualified dispositions by same trust instrument.) 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, § 60-1316 (2026).

Text

If more than one qualified disposition is made by means of the same trust instrument: 1. The making of a subsequent qualified disposition shall be disregarded in determining whether a creditor's claim with respect to a prior qualified disposition is extinguished as provided in Section 30 of this act; and 2. Any distribution to a beneficiary is deemed to have been made from the latest such qualified disposition.

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If more than one qualified disposition is made by means of the same trust instrument: 1. The making of a subsequent qualified disposition shall be disregarded in determining whether a creditor's claim with respect to a prior qualified disposition is extinguished as provided in Section 30 of this act; and 2. Any distribution to a beneficiary is deemed to have been made from the latest such qualified disposition.