Okla. Stat. tit. 60, § 60-175.704: Distribution to second trust - Trustee with limited

discretion.

DISTRIBUTION TO SECOND TRUST: TRUSTEE WITH LIMITED DISCRETION

A. An authorized trustee who has limited discretion to

distribute the principal of a trust may distribute all or part of

the principal of that trust in favor of a trustee of a second trust

as provided by this section.

B. The current beneficiaries of the second trust shall be

substantially the same as the current beneficiaries of the first

trust, and the successor and presumptive remainder beneficiaries of

the second trust shall be substantially the same as the successor

and presumptive remainder beneficiaries of the first trust, as

determined in the reasonable discretion of the authorized trustee.

C. If the beneficiaries of the first trust are described as a

class of persons, the beneficiaries of the second trust shall

include substantially the same persons who become members of that

class after the distribution to the second trust, as determined in

the reasonable discretion of the authorized trustee.

D. If the first trust grants a power of appointment to a

beneficiary of the trust, the second trust shall grant the power of

appointment to the beneficiary in the second trust, and the class of

permissible appointees under that power shall be the same as the

class of permissible appointees under the power granted by the first

trust.

E. The exercise of a power of distribution under this section

shall be made by the authorized trustee in good faith, in accordance

with the terms and purposes of the trust, and in the interests of

the beneficiaries.