Oklahoma § 60-301.8 - Private inurement prohibited
Full text of Oklahoma Oklahoma Statutes § 60-301.8 — Private inurement prohibited, with citation guidance and answers to common questions.
§ 60-301.8. Private inurement prohibited
No private inurement.
1. Employees, officers, and members of the governing board of
the charitable organization administering a charitable trust or the
common charitable trust fund shall not receive commissions, bonuses,
or other remuneration based on the solicitation of charitable trusts
or investment of assets in the common charitable trust fund.
2. Employees, officers, and members of the governing board of
the charitable organization administering a charitable trust or the
common charitable trust fund shall not receive loans, gifts, or
other pecuniary benefits from a charitable trust or the common
charitable trust fund except that employees and officers of the
charitable organization may receive reasonable compensation for
their employment as a part of the administrative overhead of the
charitable organization administering a charitable trust or the
common charitable trust fund.
Added by Laws 1997, c. 99, § 9, emerg. eff. April 15, 1997.
Frequently Asked Questions About Oklahoma § 60-301.8
What does Oklahoma Statutes § 60-301.8 cover?
Section 60-301.8 ("Private inurement prohibited") 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 § 60-301.8?
A common citation format is "Oklahoma Statutes § 60-301.8" (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 § 60-301.8 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.