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Code · Oklahoma · Title 60 — Property

§60-1315. Actions against trustee or advisor of trust subject to

215 words·~1 min read·/ok/title-60-property/60-1315

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

qualified disposition — Jurisdiction — Attorney fees and costs — Burden of proof.
Notwithstanding any other provision of law, no action of any kind, including an action to enforce a judgment entered by a court or other body having adjudicative authority, may be brought at law or in equity against the trustee or advisor, described in Section 24 of this act, of a trust that is the subject of a qualified disposition, or against any person involved in the counseling, drafting, preparation, execution, or funding of a trust that is the subject of a qualified disposition, if, as of the date such action is brought, an action by a creditor with respect to such qualified disposition would be barred under Sections 29 through 32 of this act.
A court of this state has exclusive jurisdiction over an action brought under a claim for relief that is based on a transfer of property to a trust that is the subject of this section. A court of this state may award attorney fees and costs to the prevailing party in such an action. In any action described in this section, the burden to prove the matter by clear and convincing evidence is upon the creditor. Added by Laws 2024, c. 369, § 33, eff. Nov. 1, 2024.
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