Oklahoma § 60-175.413
Full text of Oklahoma Oklahoma Statutes § 60-175.413, with citation guidance and answers to common questions.
§ 60-175.413.
Property not productive of income.
PROPERTY NOT PRODUCTIVE OF INCOME
A. If a marital deduction is allowed for all or part of a trust
whose assets consist substantially of property that does not provide
the spouse with sufficient income from or use of the trust assets,
and if the amounts that the trustee transfers from principal to
income under Section 175.104 of Title 60 of the Oklahoma Statutes
and distributes to the spouse from principal pursuant to the terms
of the trust are insufficient to provide the spouse with the
beneficial enjoyment required to obtain the marital deduction, the
spouse may require the trustee to make property productive of
income, convert property within a reasonable time, or exercise the
power conferred by subsection A of Section 175.104 of Title 60 of
the Oklahoma Statutes. The trustee may decide which action or
combination of actions to take.
B. In cases not governed by subsection A of this section,
proceeds from the sale or other disposition of an asset are
principal without regard to the amount of income the asset produces
during any accounting period.
Added by Laws 1998, c. 115, § 22, eff. Nov. 1, 1998. Amended by
Laws 1998, c. 422, § 38, eff. Nov. 1, 1998.
Frequently Asked Questions About Oklahoma § 60-175.413
What does Oklahoma Statutes § 60-175.413 cover?
Section 60-175.413 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 § 60-175.413?
A common citation format is "Oklahoma Statutes § 60-175.413" (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 § 60-175.413 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.