There is a newer version
of
this Section
2020 Oklahoma Statutes
Title 60. Property
§60-175.86. Distribution interest - Mandatory, support, and discretionary interests.
Universal Citation: 60 OK Stat § 60-175.86 (2020)
A. A distribution interest in a trust shall be classified as a mandatory interest, a support interest or a discretionary interest.
B. A beneficiary may concurrently hold a mandatory interest, support interest or discretionary interest. To the extent a trust contains a combination of a discretionary interest, a support interest or a mandatory interest, the trust shall be a mandatory interest only to the extent of the mandatory language and a support interest only to the extent of the support language. The remaining trust property shall be held as a discretionary interest.
Added by Laws 2010, c. 280, § 6, eff. Nov. 1, 2010.
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.
