Oklahoma § 60-1604.13 - Modification or termination of uneconomic trust
Full text of Oklahoma Oklahoma Statutes § 60-1604.13 — Modification or termination of uneconomic trust, with citation guidance and answers to common questions.
§ 60-1604.13. Modification or termination of uneconomic trust
A. After notice to the qualified beneficiaries, the trustee of
a trust consisting of trust property having a total value less than
Fifty Thousand Dollars ($50,000.00) may terminate the trust if the
trustee concludes that the value of the trust property is
insufficient to justify the cost of administration.
B. The court may modify or terminate a trust or remove the
trustee and appoint a different trustee if it determines that the
value of the trust property is insufficient to justify the cost of
administration.
C. Upon termination of a trust under this section, the trustee
shall distribute the trust property in a manner consistent with the
purposes of the trust.
D. This section does not apply to an easement for conservation
or preservation.
Added by Laws 2025, c. 254, § 32, eff. Nov. 1, 2025.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 60-1604.13
What does Oklahoma Statutes § 60-1604.13 cover?
Section 60-1604.13 ("Modification or termination of uneconomic trust") 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 § 60-1604.13?
A common citation format is "Oklahoma Statutes § 60-1604.13" (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 § 60-1604.13 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.