Oklahoma § 60-175.56 - Death of beneficiary before distribution - Distribution

§ 60-175.56. Death of beneficiary before distribution - Distribution

to beneficiary's lineal descendants.

Oklahoma Statutes - Title 60. Property

When the declaration or agreement of an express trust provides

for any of the property held in trust to be distributed to a

beneficiary related by blood to the grantor or to a grantor of the

trust, and the beneficiary is living at the time the trust is

created but dies before the time for distribution of the trust

leaving one or more lineal descendants who are living at the time

for distribution of the trust, and no provision is made in the trust

declaration or agreement for disposition of the property in the

event that the beneficiary is not living at the time for

distribution of the trust, the beneficiary's lineal descendants take

the share of the trust property so given to the beneficiary in the

trust declaration or agreement, by right of representation, in the

same manner as the beneficiary would have done had he been living at

the time for distribution of the trust.

Added by Laws 1993, c. 345, § 15, eff. Sept. 1, 1993.