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Code · Oklahoma · Title 60 — Property

§60-1306. Qualified person — Excluded persons — Application to

104 words·~1 min read·/ok/title-60-property/60-1306

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

transferors.
Neither the transferor nor any other natural person who is a nonresident of this state nor an entity that is not authorized by the laws of this state to act as a trustee or whose activities are not subject to supervision as provided in Section 22 of this act may be considered a qualified person. However, nothing in this act precludes a transferor from appointing, removing, or replacing one or more cotrustees, trust advisors, or trust protectors, regardless of whether or not such trust advisor or trust protector is a fiduciary. Added by Laws 2024, c. 369, § 24, eff. Nov. 1, 2024.
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