Oklahoma § 60-175.405
Full text of Oklahoma Oklahoma Statutes § 60-175.405, with citation guidance and answers to common questions.
§ 60-175.405.
Rental property.
RENTAL PROPERTY
To the extent that a trustee accounts for receipts from rental
property pursuant to this section, the trustee shall allocate to
income an amount received as rent of real or personal property,
including an amount received for cancellation or renewal of a lease.
An amount received as a refundable deposit, including a security
deposit or a deposit that is to be applied as rent for future
periods, must be added to principal and held subject to the terms of
the lease and is not available for distribution to a beneficiary
until the trustee's contractual obligations have been satisfied with
respect to that amount.
Added by Laws 1998, c. 115, § 14, eff. Nov. 1, 1998.
Frequently Asked Questions About Oklahoma § 60-175.405
What does Oklahoma Statutes § 60-175.405 cover?
Section 60-175.405 is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 60-175.405?
A common citation format is "Oklahoma Statutes § 60-175.405" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 60-175.405 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.