Oklahoma § 60-178.13 - Trusts for benefit of hospitals - Exemptions from
Full text of Oklahoma Oklahoma Statutes § 60-178.13 — Trusts for benefit of hospitals - Exemptions from, with citation guidance and answers to common questions.
§ 60-178.13. Trusts for benefit of hospitals - Exemptions from
beneficiary approval requirements.
Any indebtedness issued by a public trust having as its
principal purpose, and which is primarily engaged in, the ownership
and operation of a hospital or related institution, as defined in
Section 1-701 of Title 63 of the Oklahoma Statutes, and the
beneficiary of which is a county or municipality shall not be
subject to the beneficiary approval requirements of Section 176 of
Title 60 of the Oklahoma Statutes, if the indebtedness does not
exceed five percent (5%) of the greater of:
1. The then existing total indebtedness of such trust; or
2. The value of all assets of such trust.
Added by Laws 1994, c. 306, § 3, eff. Sept. 1, 1994.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 60-178.13
What does Oklahoma Statutes § 60-178.13 cover?
Section 60-178.13 ("Trusts for benefit of hospitals - Exemptions from") 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 § 60-178.13?
A common citation format is "Oklahoma Statutes § 60-178.13" (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 § 60-178.13 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.