Oklahoma § 60-1304 - Qualified person defined
Full text of Oklahoma Oklahoma Statutes § 60-1304 — Qualified person defined, with citation guidance and answers to common questions.
§ 60-1304. Qualified person defined
A. For the purposes of the Oklahoma Qualified Dispositions into
Trust Act, a qualified person is:
1. An individual who, except for brief intervals, military
service, attendance at an educational or training institution, or
for absences for good cause shown, resides in this state, whose true
and permanent home is in this state, who does not have a present
intention of moving from this state, and who has the intention of
returning to this state when away;
2. A trust company that is organized under state law or under
federal law and that has its principal place of business in this
state; or
3. A bank or savings association that possesses and exercises
trust powers, has its principal place of business in this state, and
the deposits of which are insured by the Federal Deposit Insurance
Corporation.
B. A qualified person must meet the requirements as provided in
Section 23 of this act.
Added by Laws 2024, c. 369, § 22, eff. Nov. 1, 2024.
Frequently Asked Questions About Oklahoma § 60-1304
What does Oklahoma Statutes § 60-1304 cover?
Section 60-1304 ("Qualified person defined") 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 § 60-1304?
A common citation format is "Oklahoma Statutes § 60-1304" (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 § 60-1304 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.