Oklahoma § 60-178.13 Trusts for benefit of hospitals - Exemptions from

Oklahoma Statutes

§ 60-178.13 — Trusts for benefit of hospitals - Exemptions from

Oklahoma § 60-178.13

Title 60Property

This text of Oklahoma § 60-178.13 (Trusts for benefit of hospitals - Exemptions from) 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, § 60-178.13 (2026).

Text

beneficiary approval requirements. Any indebtedness issued by a public trust having as its principal purpose, and which is primarily engaged in, the ownership and operation of a hospital or related institution, as defined in Section 1-701 of Title 63 of the Oklahoma Statutes, and the beneficiary of which is a county or municipality shall not be subject to the beneficiary approval requirements of Section 176 of Title 60 of the Oklahoma Statutes, if the indebtedness does not exceed five percent (5%) of the greater of: 1. The then existing total indebtedness of such trust; or 2. The value of all assets of such trust.

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beneficiary approval requirements. Any indebtedness issued by a public trust having as its principal purpose, and which is primarily engaged in, the ownership and operation of a hospital or related institution, as defined in Section 1-701 of Title 63 of the Oklahoma Statutes, and the beneficiary of which is a county or municipality shall not be subject to the beneficiary approval requirements of Section 176 of Title 60 of the Oklahoma Statutes, if the indebtedness does not exceed five percent (5%) of the greater of: 1. The then existing total indebtedness of such trust; or 2. The value of all assets of such trust.