Okla. Stat. tit. 60, § 60-1604.12: Cy pres
Where this section sits in the code
- OK Code
- Title 60
A. Except as otherwise provided in subsection B of this
section, if a particular charitable purpose becomes unlawful,
impracticable, impossible to achieve, or wasteful:
1. The trust does not fail, in whole or in part;
2. The trust property does not revert to the settlor or the
settlor's successors in interest; and
3. The court may apply cy pres to modify or terminate the trust
by directing that the trust property be applied or distributed, in
whole or in part, in a manner consistent with the settlor's
charitable purposes.
B. A provision in the terms of a charitable trust that would
result in distribution of the trust property to a noncharitable
beneficiary prevails over the power of the court under subsection A
of this section to apply cy pres to modify or terminate the trust
only if, when the provision takes effect, the trust property is to
revert to the settlor and the settlor is still living.
Collected 2026-09-14T18:32:36Z. Source file · JSON