Oklahoma § 60-1607.1 - Accepting or declining trusteeship
Full text of Oklahoma Oklahoma Statutes § 60-1607.1 — Accepting or declining trusteeship, with citation guidance and answers to common questions.
§ 60-1607.1. Accepting or declining trusteeship
A. Except as otherwise provided in subsection C of this
section, a person designated as trustee accepts the trusteeship:
1. By substantially complying with a method of acceptance
provided in the terms of the trust; or
2. If the terms of the trust do not provide a method or the
method provided in the terms is not expressly made exclusive, by
accepting delivery of the trust property, exercising powers or
performing duties as trustee, or otherwise indicating acceptance of
the trusteeship.
Oklahoma Statutes - Title 60. Property
B. A person designated as trustee who has not yet accepted the
trusteeship may reject the trusteeship. A designated trustee who
does not accept the trusteeship within a reasonable time after
knowing of the designation is deemed to have rejected the
trusteeship.
C. A person designated as trustee, without accepting the
trusteeship, may:
1. Act to preserve the trust property if, within a reasonable
time after acting, the person sends a rejection of the trusteeship
to the settlor or, if the settlor is dead or lacks capacity, to a
qualified beneficiary; and
2. Inspect or investigate trust property to determine potential
liability under environmental or other law or for any other purpose.
Added by Laws 2025, c. 254, § 40, eff. Nov. 1, 2025.
Frequently Asked Questions About Oklahoma § 60-1607.1
What does Oklahoma Statutes § 60-1607.1 cover?
Section 60-1607.1 ("Accepting or declining trusteeship") 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 § 60-1607.1?
A common citation format is "Oklahoma Statutes § 60-1607.1" (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 § 60-1607.1 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.