Oklahoma § 60-175.704 - Distribution to second trust - Trustee with limited
Full text of Oklahoma Oklahoma Statutes § 60-175.704 — Distribution to second trust - Trustee with limited, with citation guidance and answers to common questions.
§ 60-175.704. Distribution to second trust - Trustee with limited
discretion.
DISTRIBUTION TO SECOND TRUST: TRUSTEE WITH LIMITED DISCRETION
A. An authorized trustee who has limited discretion to
distribute the principal of a trust may distribute all or part of
the principal of that trust in favor of a trustee of a second trust
as provided by this section.
B. The current beneficiaries of the second trust shall be
substantially the same as the current beneficiaries of the first
trust, and the successor and presumptive remainder beneficiaries of
the second trust shall be substantially the same as the successor
and presumptive remainder beneficiaries of the first trust, as
determined in the reasonable discretion of the authorized trustee.
C. If the beneficiaries of the first trust are described as a
class of persons, the beneficiaries of the second trust shall
include substantially the same persons who become members of that
class after the distribution to the second trust, as determined in
the reasonable discretion of the authorized trustee.
D. If the first trust grants a power of appointment to a
beneficiary of the trust, the second trust shall grant the power of
appointment to the beneficiary in the second trust, and the class of
permissible appointees under that power shall be the same as the
class of permissible appointees under the power granted by the first
trust.
E. The exercise of a power of distribution under this section
shall be made by the authorized trustee in good faith, in accordance
with the terms and purposes of the trust, and in the interests of
the beneficiaries.
Added by Laws 2021, c. 268, § 4, eff. Nov. 1, 2021.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 60-175.704
What does Oklahoma Statutes § 60-175.704 cover?
Section 60-175.704 ("Distribution to second trust - Trustee with limited") 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 § 60-175.704?
A common citation format is "Oklahoma Statutes § 60-175.704" (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 § 60-175.704 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.