Oklahoma § 74-2276.3 Fiduciaries – Prohibited acts.

Oklahoma Statutes

§ 74-2276.3 — Fiduciaries – Prohibited acts.

Oklahoma § 74-2276.3

Title 74State Government

This text of Oklahoma § 74-2276.3 (Fiduciaries – Prohibited acts.) 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. 74, § 74-2276.3 (2026).

Text

A.A fiduciary with respect to the Oklahoma State Park Trust Fund created in Section 2 of this act, shall not cause the Trust Fund to engage in a transaction if the fiduciary knows or should know that the transaction constitutes a direct or indirect: 1. Sale or exchange, or leasing of any property from the Trust Fund to a party in interest; 2. Lending of money or other extension of credit from the Trust Fund to a party in interest; 3. Furnishing of goods, services, or facilities from the Trust Fund to a party in interest; or 4. Transfer to, or use by or for the benefit of, a party in interest of any assets of the Trust Fund.

B.A fiduciary with respect to the Trust Fund shall not: 1. Deal with the assets of the Trust Fund in the interest of or for the account of the fiduciary; 2. In the in

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A. A fiduciary with respect to the Oklahoma State Park Trust Fund created in Section 2 of this act, shall not cause the Trust Fund to engage in a transaction if the fiduciary knows or should know that the transaction constitutes a direct or indirect: 1. Sale or exchange, or leasing of any property from the Trust Fund to a party in interest; 2. Lending of money or other extension of credit from the Trust Fund to a party in interest; 3. Furnishing of goods, services, or facilities from the Trust Fund to a party in interest; or 4. Transfer to, or use by or for the benefit of, a party in interest of any assets of the Trust Fund. B. A fiduciary with respect to the Trust Fund shall not: 1. Deal with the assets of the Trust Fund in the interest of or for the account of the fiduciary; 2. In the individual or any other capacity of the fiduciary act in any transaction involving the Trust Fund on behalf of a party whose interests are adverse to the interests of the Trust Fund; or 3. Receive any consideration for the personal account of the fiduciary from any party dealing with the Trust Fund in connection with a transaction involving the assets of the Trust Fund. C. A fiduciary with respect to the Trust Fund may: 1. Invest all or part of the assets of the Trust Fund in deposits which bear the highest interest rate available for funds with the necessary degree of availability in a bank or similar financial institution supervised by the United States or a state, if the bank or other institution is a fiduciary of the plan; or 2. Provide any ancillary service by a bank or similar financial institution supervised by the United States or a state, if the bank or other institution is a fiduciary of the plan. D. A person or a financial institution is a fiduciary with respect to the Trust Fund to the extent that the person or the financial institution: 1. Exercises any discretionary authority or discretionary control respecting management of the Trust Fund or exercises any authority or control respecting management or disposition of the assets of the Trust Fund; 2. Renders investment advice for a fee or other compensation, direct or indirect, with respect to any monies or other property of the Trust Fund, or has any authority or responsibility to do so; or 3. Has any discretionary authority or discretionary responsibility in the administration of the Trust Fund.