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Code · Oklahoma · Title 60 — Property

§60-1604.13. Modification or termination of uneconomic trust.

136 words·~1 min read·/ok/title-60-property/60-1604-13·

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

A. After notice to the qualified beneficiaries, the trustee of a trust consisting of trust property having a total value less than Fifty Thousand Dollars ($50,000.00) may terminate the trust if the trustee concludes that the value of the trust property is insufficient to justify the cost of administration.
B. The court may modify or terminate a trust or remove the trustee and appoint a different trustee if it determines that the value of the trust property is insufficient to justify the cost of administration.
C. Upon termination of a trust under this section, the trustee shall distribute the trust property in a manner consistent with the purposes of the trust.
D. This section does not apply to an easement for conservation or preservation. Added by Laws 2025, c. 254, § 32, eff. Nov. 1, 2025.
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