Okla. Stat. tit. 60, § 60-751: Definitions
Where this section sits in the code
- OK Code
- Title 60
As used in this act, unless otherwise clearly required by the
context:
1. "Beneficiary" means and includes any person entitled, but
for his disclaimer, to take an interest, as grantee; as donee; under
any assignment or instrument of conveyance or transfer; by
succession to a disclaimed interest, other than by will, intestate
succession or through the exercise or nonexercise of a testamentary
power of appointment; as beneficiary of an inter vivos trust or
insurance contract; pursuant to the exercise or nonexercise of a
nontestamentary power of appointment; as donee of a power of
appointment created by a nontestamentary instrument; or otherwise
under any nontestamentary instrument;
2. "Interest" means and includes the whole of any property,
real or personal, legal or equitable, or any fractional part, share
or particular portion or specific assets thereof or any estate in
any such property including but not limited to a joint tenancy
interest in any such property, or power to appoint, consume, apply
or expend property or any other right, power, privilege or immunity
relating thereto; and
3. "Disclaimer" means a written instrument which declines,
refuses, releases or disclaims an interest which would otherwise be
succeeded to by a beneficiary, which instrument defines the nature
and extent of the interest disclaimed thereby and which must be
signed, witnessed and acknowledged by the disclaimant in the manner
provided for deeds of real estate.
Collected 2026-09-14T18:32:36Z. Source file · JSON