Okla. Stat. tit. 60, § 60-1604.13: Modification or termination of uneconomic trust
Where this section sits in the code
- OK Code
- Title 60
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.
Collected 2026-09-14T18:32:36Z. Source file · JSON