{"data":{"id":"us-ok/okla.-stat.-tit.-60-60-175.17","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 60, § 60-175.17","heading":"Cotrustees - Powers and liabilities","body":"Unless it is otherwise provided by the trust instrument, or an\n\namendment thereof, or by court order:\n\nA. Any power vested in three or more trustees may be exercised\n\nby a majority of the trustees; but no trustee who has not joined in\n\nexercising a power shall be liable to the beneficiaries or to others\n\nfor the consequences of the exercise, nor shall a dissenting trustee\n\nbe liable for the consequences of an act in which the trustee joins\n\nat the direction of the majority trustees, if the trustee expressed\n\nhis dissent in writing to any of the cotrustees at or before the\n\ntime of the joinder.\n\nB. Where two or more trustees are appointed by will or a\n\nvoluntary trust to execute a trust and one or more of them die, the\n\nsurvivor may execute the trust and may exercise the discretionary\n\npowers given to the trustees jointly, unless the terms of the will\n\nor agreement express a contrary opinion.\n\nC. Any cotrustee may give a power of attorney to another\n\ntrustee or authorize a cotrustee to perform any act in the\n\nadministration of the trust, but the trustee giving a power of\n\nattorney or authorizing an act to be performed by the cotrustee\n\nshall have the same liability and responsibility as if the trustee\n\nhad performed the act done pursuant to the authorization.\n\nD. Nothing in this section shall excuse a cotrustee from\n\nliability for inactivity in the administration of the trust, nor for\n\nfailure to attempt to prevent a breach of trust.\n\nE. Where two or more trustees, none of whom is the settlor,\n\nhave the power as trustees to make discretionary distributions of\n\neither principal or income to or for the benefit of one of them, the\n\ntrustee beneficiary may only make such discretionary distributions\n\nwhich provide for the health, education, or maintenance of the\n\ntrustee beneficiary or to support the trustee beneficiary in an\n\naccustomed manner of living. The provisions of this subsection\n\nshall apply to any trust created under a document executed on or\n\nbefore the effective date of this act unless:\n\n1. The trust is revocable or amendable and the settlor revokes\n\nor amends the trust at any time to provide otherwise; or\n\n2. The trust is irrevocable and all parties in interest elect\n\naffirmatively not to be subject to this subsection. Such election\n\nmust be made on or before the later of three (3) years after the\n\neffective date of this act, or three (3) years after the date on\n\nwhich the trust becomes irrevocable.","path":["OK Code","Title 60"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os60.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"107cec194647ee4bed6d462e8cedeabceb630109a7446422f6cc699d53dd21a6","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-60-60-175.16","next":"us-ok/okla.-stat.-tit.-60-60-175.18"},"notice":"GroundRules: Original legal text. Not legal advice."}