There is a newer version of the Oklahoma Statutes
2023
2022
2021
2020
2019
Other previous versions
View our newest version here

2014 Oklahoma Statutes
Title 60. Property
§60-175.402. Distribution from trust or estate.

60 OK Stat § 60-175.402 (2014) What's This?

DISTRIBUTION FROM TRUST OR ESTATE

A trustee shall allocate to income an amount received as a distribution of income from a trust or an estate in which the trust has an interest other than a purchased interest, and shall allocate to principal an amount received as a distribution of principal from such a trust or estate. If a trustee purchases an interest in a trust that is an investment entity, or a decedent or donor transfers an interest in such a trust to a trustee, Section 10 or 24 of this act applies to a receipt from the trust.

Added by Laws 1998, c. 115, § 11, eff. Nov. 1, 1998.

Disclaimer: These codes may not be the most recent version. Oklahoma may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.