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2022 Oklahoma Statutes
Title 60. Property
§60-175.716. Certain distributions prohibited.
Universal Citation: 60 OK Stat § 175.716 (2022)
CERTAIN DISTRIBUTIONS PROHIBITED
A. Except as provided by subsection B of this section, an authorized trustee shall not exercise a power to distribute principal of a trust otherwise provided by Section 3 or 4 of this act if the distribution is expressly prohibited by the terms of the governing instrument of the trust.
B. A general prohibition of the amendment or revocation of a trust or a provision that constitutes a spendthrift clause shall not preclude the exercise of a power to distribute principal of a trust under Section 3 or 4 of this act.
Added by Laws 2021, c. 268, § 16, eff. Nov. 1, 2021.
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