Oklahoma § 60-1604.2 - Requirements for creation
Full text of Oklahoma Oklahoma Statutes § 60-1604.2 — Requirements for creation, with citation guidance and answers to common questions.
§ 60-1604.2. Requirements for creation
A. A trust is created only if:
1. The settlor has capacity to create a trust;
2. The settlor indicates an intention to create the trust;
3. The trust has a definite beneficiary or is:
a.
a charitable trust, or
b.
a trust for a noncharitable purpose, as provided in
Section 27 of this act;
4. The trustee has duties to perform; and
5. The same person is not the sole trustee and sole
beneficiary.
B. A beneficiary is definite if the beneficiary can be
ascertained now or in the future.
C. A power in a trustee to select a beneficiary from an
indefinite class is valid. If the power is not exercised within a
reasonable time, the power fails and the property subject to the
power passes to the persons who would have taken the property had
the power not been conferred.
Added by Laws 2025, c. 254, § 21, eff. Nov. 1, 2025.
Frequently Asked Questions About Oklahoma § 60-1604.2
What does Oklahoma Statutes § 60-1604.2 cover?
Section 60-1604.2 ("Requirements for creation") 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 § 60-1604.2?
A common citation format is "Oklahoma Statutes § 60-1604.2" (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 § 60-1604.2 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.