{"data":{"id":"us-ok/okla.-stat.-tit.-60-60-175.303","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 60, § 60-175.303","heading":"Apportionment when income interest ends","body":"APPORTIONMENT WHEN INCOME INTEREST ENDS\n\nA. In this section, \"undistributed income\" means net income\n\nreceived before the date on which an income interest ends. The term\n\ndoes not include an item of income or expense that is due or accrued\n\nor net income that has been added or is required to be added to\n\nprincipal under the terms of the trust.\n\nB. When a mandatory income interest ends, the trustee shall pay\n\nto a mandatory income beneficiary who survives that date, or the\n\nestate of a deceased mandatory income beneficiary whose death causes\n\nthe interest to end, the beneficiary's share of the undistributed\n\nincome that is not disposed of under the terms of the trust unless\n\nthe beneficiary has an unqualified power to revoke more than five\n\npercent (5%) of the trust immediately before the income interest\n\nends. In the latter case, the undistributed income from the portion\n\nof the trust that may be revoked must be added to principal.\n\nC. When a trustee's obligation to pay a fixed annuity or a\n\nfixed fraction of the value of the trust's assets ends, the trustee\n\nshall prorate the final payment if and to the extent required by\n\napplicable law to accomplish a purpose of the trust or its settlor\n\nrelating to income, gift, estate, or other tax requirements.","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":"bd1d0aba0a14705108ab3452114d54829dabdf4c42e4c8ec7af186470906ef45","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-60-60-175.302","next":"us-ok/okla.-stat.-tit.-60-60-175.37"},"notice":"GroundRules: Original legal text. Not legal advice."}