Oklahoma § 60-178.4 - Trust purpose - Exceptions
Full text of Oklahoma Oklahoma Statutes § 60-178.4 — Trust purpose - Exceptions, with citation guidance and answers to common questions.
§ 60-178.4. Trust purpose - Exceptions
A. Trusts created under the provisions of Sections 176 through
180.55 of this title or any amendments or extensions thereof shall
not include any trust purpose, function nor activity primarily used
in the distribution centers for intoxicating beverages and low-point
beer as defined in Title 37 of the Oklahoma Statutes; nor shall it
include a residential enterprise or function except as provided in
Section 178.6 of this title. For the purposes of this section,
"primarily used" shall mean more than fifty percent (50%) of the
warehouse.
B. Nothing in this section shall preclude the financing,
construction, ownership or leasing of a warehouse as a permissible
trust purpose, function or activity, so long as such warehouse is
not primarily used for housing, storage or distribution of
intoxicating beverages or low-point beer.
Added by Laws 1976, c. 222, § 11, eff. Dec. 1, 1976. Amended by
Laws 1985, c. 10, § 1, emerg. eff. March 28, 1985; Laws 1990, c. 72,
§ 1, emerg. eff. April 16, 1990; Laws 1995, c. 274, § 50, eff. Nov.
1, 1995; Laws 2003, c. 386, § 4, eff. July 1, 2003; Laws 2010, c.
195, § 1, emerg. eff. May 4, 2010; Laws 2018, c. 274, § 1, eff. Nov.
1, 2018.
Frequently Asked Questions About Oklahoma § 60-178.4
What does Oklahoma Statutes § 60-178.4 cover?
Section 60-178.4 ("Trust purpose - Exceptions") 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 § 60-178.4?
A common citation format is "Oklahoma Statutes § 60-178.4" (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 § 60-178.4 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.