Oklahoma § 58-1206 - Personal representatives or trustees - Irrevocable
Full text of Oklahoma Oklahoma Statutes § 58-1206 — Personal representatives or trustees - Irrevocable, with citation guidance and answers to common questions.
§ 58-1206. Personal representatives or trustees - Irrevocable
transfers to custodian.
A. A personal representative or trustee may make an irrevocable
transfer pursuant to the provisions of Section 10 of this act to a
custodian for the benefit of a minor as authorized in the governing
will or trust.
B. If the testator or settlor has nominated a custodian
according to Section 4 of this act to receive the custodial
property, the transfer must be made to that person.
C. If the testator or settlor has not nominated a custodian
according to Section 4 of this act, or all persons so nominated as
custodian die before the transfer or are unable, decline, or are
ineligible to serve, the personal representative or the trustee, as
the case may be, shall designate the custodian from among those
eligible to serve as custodian for property of that kind according
to the provisions of subsection A of Section 10 of this act.
Added by Laws 1986, c. 261, § 6, eff. Nov. 1, 1986.
Frequently Asked Questions About Oklahoma § 58-1206
What does Oklahoma Statutes § 58-1206 cover?
Section 58-1206 ("Personal representatives or trustees - Irrevocable") 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 § 58-1206?
A common citation format is "Oklahoma Statutes § 58-1206" (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 § 58-1206 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.