Okla. Stat. tit. 60, § 60-1207: Power of direction — Situations in which trust director
Where this section sits in the code
- OK Code
- Title 60
subject to rules as trustee.
A trust director is subject to the same rules as a trustee in a
like position and under similar circumstances in the exercise or
nonexercise of a power of direction or further power under paragraph
1 of subsection B of Section 7 of this act regarding:
1. A payback provision in the terms of a trust necessary to
comply with the reimbursement requirements of Medicaid law in
Section 1917 of the Social Security Act, 42 U.S.C., Section
1396p(d)(4)(A), as amended, and regulations issued thereunder, as
amended; and
2. A charitable interest in the trust, including providing
notice regarding the interest to the Attorney General.
Collected 2026-09-14T18:32:36Z. Source file · JSON