Okla. Stat. tit. 60, § 60-1604.8: Noncharitable trust without ascertainable beneficiary
Where this section sits in the code
- OK Code
- Title 60
Except as otherwise provided in this act or by another statute,
the following rules apply:
1. A trust may be created for a noncharitable purpose without a
definite or definitely ascertainable beneficiary or for a
noncharitable but otherwise valid purpose to be selected by the
trustee;
2. A trust authorized by this section may be enforced by a
person appointed in the terms of the trust or, if no person is so
appointed, by a person appointed by the court; and
3. Property of a trust authorized by this section may be
applied only to its intended use, except to the extent the court
determines that the value of the trust property exceeds the amount
required for the intended use. Except as otherwise provided in the
terms of the trust, property not required for the intended use must
be distributed to the settlor, if then living, otherwise to the
settlor's successors in interest.
Collected 2026-09-14T18:32:36Z. Source file · JSON