Okla. Stat. tit. 60, § 60-178.13: Trusts for benefit of hospitals - Exemptions from

beneficiary approval requirements.

Any indebtedness issued by a public trust having as its

principal purpose, and which is primarily engaged in, the ownership

and operation of a hospital or related institution, as defined in

Section 1-701 of Title 63 of the Oklahoma Statutes, and the

beneficiary of which is a county or municipality shall not be

subject to the beneficiary approval requirements of Section 176 of

Title 60 of the Oklahoma Statutes, if the indebtedness does not

exceed five percent (5%) of the greater of:

1. The then existing total indebtedness of such trust; or

2. The value of all assets of such trust.