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Code · Oklahoma · Title 60 — Property

§60-175.9. Trustee lending funds to self, affiliate, etc.

58 words·~1 min read·/ok/title-60-property/60-175-9

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

Except as provided in Section 10, no corporate trustee shall lend trust funds to itself or an affiliate, or to any director, officer, or employee of itself or of an affiliate; nor shall any noncorporate trustee lend trust funds to himself, or to his relative, employer, employee, partner, or other business associate. Laws 1941, p. 252, § 9.
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