Oklahoma § 60-175.501

§ 60-175.501.

Disbursements from income.

DISBURSEMENTS FROM INCOME

A trustee shall make the following disbursements from income to

the extent that they are not disbursements to which subparagraph b

or c of paragraph 2 of Section 5 of this act applies:

1. One-half of the regular compensation of the trustee and of

any person providing investment advisory or custodial services to

the trustee;

2. One-half of all expenses for accountings, judicial

proceedings, or other matters that involve both the income and

remainder interests;

3. All of the other ordinary expenses incurred in connection

with the administration, management, or preservation of trust

property and the distribution of income, including interest,

ordinary repairs, regularly recurring taxes assessed against

principal, and expenses of a proceeding or other matter that

concerns primarily the income interest; and

4. Recurring premiums on insurance covering the loss of a

principal asset or the loss of income from or use of the asset.

Added by Laws 1998, c. 115, § 25, eff. Nov. 1, 1998.