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Okla. Stat. tit. 60, § 1216

Matters in which trust director subject to rules applicable to trustee

Added by Laws 2024, c. 369, § 17, eff

Unless the terms of a trust provide otherwise, the rules applicable to a trustee apply to a trust director regarding the following matters:

1. Acceptance;

2. Giving of bond to secure performance;

3. Reasonable compensation;

4. Resignation;

5. Removal; and 6. Vacancy and appointment of a successor.

Official source: Oklahoma Legislature. Reproduced from public-domain Oklahoma statutes; confirm against the official source for the current text. Not legal advice.