A grantor may not establish more than one preservation trust. However, in the event a preservation trust established by a grantor is wholly revoked or terminated, the grantor may establish a new preservation trust, and this act shall be applicable to such new preservation trust.
Okla. Stat. tit. 31, § 18
Grantor limited to single preservation trust
Known as the Family Wealth Preservation Trust Act
The act spans §§ 31–31 (21 sections).
Added by Laws 2004, c. 509, § 9, emerg. eff
Official source: Oklahoma Legislature. Reproduced from public-domain Oklahoma statutes; confirm against the official source for the current text. Not legal advice.