Oklahoma Statutes
Title 60. Property

§60-49.23. Relation to Electronic Signatures in Global and National Commerce Act. - RELATION TO ELECTRONIC SIGNATURES IN GLOBAL AND NATIONAL COMMERCE ACT....

§60-50. Easements not attached to land. - The following land burdens or servitudes upon land may be...

§60-51. Dominant and servient tenements. - The land to which an easement is attached is called...

§60-52. Servitude, who may create. - A servitude can be created only by one who has...

§60-53. Servitude, who cannot hold. - A servitude thereon cannot be held by the owner of...

§60-54. Extent of servitude. - The extent of a servitude is determined by the terms...

§60-55. Partition of servitude. - In case of partition of the dominant tenement, the burden...

§60-56. Rights of owner of future estate. - The owner of a future estate in a dominant tenement,...

§60-57. Action to enforce easement. - The owner of any estate in a dominant tenement, or...

§60-58. Action for possession of servient tenement. - The owner in fee of a servient tenement may maintain...

§60-59. Servitude extinguished, how. - A servitude is extinguished: 1. By the vesting of the...

§60-59.1. Abstracting easement with mortgage or bond indenture - Restrictions. - If a mortgage or bond indenture describes or makes reference...

§60-59.2. Abstracting or copying mortgage or bond indenture without authorization - Damages. - If any abstractor fails to obtain written authorization by the...

§60-59.3. Application of act. - The provisions of this act shall be prospective in nature...

§60-60. Ownership of water - Use of running water. - A. The owner of the land owns water standing thereon,...

§60-61. Life lease rent. - Rent due upon a lease for life may be recovered...

§60-62. Life lease rent, recovery after death. - Rent dependent on the life of a person may be...

§60-63. Action for injury to inheritance. - A person having an estate in fee, in remainder, or...

§60-64. Fee title covers what. - The owner of land in fee has the right to...

§60-66. Lateral and subjacent support, right to. - Each coterminous owner is entitled to the lateral and subjacent...

§60-67. Trees on land, ownership of. - Trees whose trunks stand wholly upon the land of one...

§60-68. Trees on line, ownership of. - Trees whose trunks stand partly on the land of two...

§60-69. Duties of life tenant. - The owner of a life estate must keep the buildings...

§60-70. Boundaries and fences. - Coterminous owners are mutually bound equally to maintain: 1. The...

§60-71. Appointment of trustee where there are contingent remainders. - In any case where, by will or deed or other...

§60-72. Trustee may make oil and gas leases and other mining leases. - Said trustee shall have the power and authority to make...

§60-73. Trustee's authority to invest income from royalties - Payments to life tenant or other person. - Under proper court order the trustee shall be authorized to...

§60-74. Joint tenancy and tenancy by entirety. - A joint interest is one owned by several persons in...

§60-74.1. Partial invalidity. - The provisions of this act shall be severable and if...

§60-75. Reformation of interests violating rule against perpetuities - Intent. - Any interest in real or personal property that would violate...

§60-76. Construction in accordance with cy pres doctrine. - To effectuate the provisions hereof, all courts of this state...

§60-77. Reformation of offending instruments. - If an instrument violates the rule against perpetuities, but can...

§60-78. Applicability to certain inter vivos instruments, wills and appointments. - This act shall apply to inter vivos instruments and wills...

§60-121. Alien may not hold land - Ownership of personalty. - No alien or any person who is not a citizen...

§60-122. Exceptions. - This article shall not apply to lands now owned in...

§60-123. Five-year limitation in certain cases. - All nonresident aliens who may hereinafter acquire real estate in...

§60-124. Escheat to state, unless conveyance made. - Any alien who shall hereafter hold lands in the State...

§60-125. Procedure to enforce escheat. - It shall be the duty of the Attorney General or...

§60-126. Procedure - Minors and incompetents as defendants. - In case the lands, at the time escheat proceedings are...

§60-127. Trial and judgment. - If it shall be determined upon the trial of any...

§60-131. Trusts of real property. - Uses and trusts, in relation to real property, are those...

§60-132. Former uses confirmed. - Every estate which is now held as a use, executed...

§60-136. Requisites of a trust. - No trust in relation to real property is valid, unless...

§60-137. Trust presumed, when. - When a transfer of real property is made to one...

§60-140. Surplus liable to creditors. - Where a trust is created to receive the rents and...

§60-143. Realty passes subject to power. - In every case where a trust is valid as a...

§60-156. Deeds and conveyances - Works not giving notice of existence of trust - Recorded written evidence. - A. The appearance of the words "trustee" or "as trustee"...

§60-157. Mortgages - Words not giving notice of existence of trust. - The appearance of the words "trustee" or "as trustee" or...

§60-161. Property in which trustee may invest - Judgment and care required. - Unless otherwise authorized, directed or restricted by order of court...

§60-163. Retention of property originally received. - A trustee may retain in trust any property originally received...

§60-164. Trust as furtherance of public function. - The uses and purposes of the said Oklahoma Ordinance Works...

§60-165. Acquisition of property. - It is hereby declared to be the intention and desire...

§60-166. Appropriation. - It is hereby directed that the State Contingency and Emergency...

§60-171. Trusts authorized - Powers of trustee. - Express trusts may be created in real or personal property...

§60-172. Express trust, how created - Duration - Specification of duration - Extension of term. - No such express trust shall be valid unless created first,...

§60-173. Succession of trustees. - Instruments creating express trusts may provide for succession to any...

§60-174. Liability of trustees and beneficiaries. - Liability to third persons for any act, omission, or obligation...

§60-174.1. Private foundations - Governing instrument deemed to contain certain provisions - Amendment without judicial proceedings. - A. Notwithstanding any provision of Oklahoma law or in the...

§60-174.2. Articles of incorporation deemed to contain certain provisions - Amendment. - A. Notwithstanding any provisions of Oklahoma law or in the...

§60-175. Trust for benefit of spouse revoked upon death of maker - Annulment or divorce - Exemptions. - A. If, after making an express trust, the trustor is...

§60-175.1. Citation of act. - This act may be cited as the Oklahoma Trust Act....

§60-175.2. Purposes of trust. - A trust in relation to real and personal property, or...

§60-175.3. Definitions of terms used. - As used in this act unless the context or subject...

§60-175.4. Legal estate of person in possession and entitled to rents and profits. - Every person who, by virtue of any transfer or devise,...

§60-175.5. Trustee's title, when not divested by preceding section. - The last preceding section does not divest the estate of...

§60-175.6. Manner of creating trust - Beneficiary as cotrustee. - A trust may be created by: A. A declaration by...

§60-175.6a. Acquiring and holding real property in name of express trust - Transfer - Memorandum - Presumption for conveyance by trustee. - Any estate in real property may be acquired and held...

§60-175.6b. Time limit for challenges to validity of prior conveyances. - Any conveyance made and filed of record prior to the...

§60-175.7. Rights of transferee of trust property for value and without notice. - If the trustee in breach of trust transfers trust property...

§60-175.8. Transferor of money or property not responsible for application by trustee. - A person who, with or without knowledge of the trust,...

§60-175.9. Trustee lending funds to self, affiliate, etc. - Except as provided in Section 10, no corporate trustee shall...

§60-175.10. Deposits by corporate trustee with itself - Security. - A corporate trustee may deposit with itself trust funds in...

§60-175.11. Trustee buying from, or selling to, self, affiliate, etc. - No trustee shall directly or indirectly buy or sell any...

§60-175.11a. Trust powers. - A national banking association, a credit union, a state-chartered corporation,...

§60-175.12. Trustee selling to self as trustee of another trust. - No trustee shall as trustee of one trust sell property...

§60-175.13. Trustee purchasing stock, bond or securities of self, affiliate, etc. - No corporate trustee shall purchase for a trust, shares of...

§60-175.14. Trustee voting corporate stock. - A trustee owning corporate stock may vote it by proxy,...

§60-175.15. Trustee owning stock in name of nominee - Exemption. - A trustee owning stock may hold it in the name...

§60-175.16. Powers of trustee attached to office. - Unless it is otherwise provided by the trust instrument, or...

§60-175.17. Cotrustees - Powers and liabilities. - Unless it is otherwise provided by the trust instrument, or...

§60-175.18. Action on trustee contract - Personal liability of trustee - Trustee as general or limited partner. - Whenever a trustee shall make a contract which is within...

§60-175.19. Torts of trustee - Exoneration or reimbursement. - A trustee who has incurred personal liability for a tort...

§60-175.20. Actions for trustee's torts - Personal liability of trustee. - Where a trustee or his predecessor has incurred personal liability...

§60-175.21. Duties, restrictions or liabilities of trustee - Trustor may relieve trustee or add others. - The trustor of any trust affected by this act may,...

§60-175.23. Jurisdiction of district court regarding trusts - Venue - Parties - Applicable statutes. - A. The district court shall have original jurisdiction to construe...

§60-175.24. Powers of trustees - Enumeration - Others not excluded - Bond of trustee. - A. In the absence of contrary or limiting provisions in...

§60-175.25. Alienation of interest of beneficiary - Rights and remedies of creditors - Spendthrift trusts - Trustor's interest alienable and subject to claims of creditors. - A. Any instrument creating a trust may provide by specific...

§60-175.37. Death of trustee - Appointment of successor. - Upon the death of a sole or surviving trustee of...

§60-175.38. Resignation of trustee. - Upon petition of any trustee of an express trust, a...

§60-175.39. Removal of trustee - Filling vacancies. - Trustees having violated or attempted to violate any express trust,...

§60-175.40. Rights, duties, etc. of trustees appointed by court. - Trustees appointed by the district courts of Oklahoma shall be...

§60-175.41. Revocation of trust by trustor. - Every trust shall be revocable by the trustor, unless expressly...

§60-175.42. Designation of person to whom property shall belong on failure or termination of trust - Transfer subject to trust. - Notwithstanding anything contained in the last section, the trustor of...

§60-175.43. Legal estate of grantee or devisee of property subject to trust. - The grantee or devisee of real or personal property subject...

§60-175.44. Estates remaining in trustor. - Where an express trust is created in relation to real...

§60-175.45. Grant deemed absolute as to purchasers or encumbrances for value - Notice of restrictions - Intent of Legislature. - (a) Where an express trust is created in relation to...

§60-175.47. Suspension of absolute power of alienation - Period of suspension. - A. Except as otherwise provided in subsection B of this...

§60-175.48. Compensation or commissions of trustee. - A trustee acting in a fiduciary capacity, as herein authorized,...

§60-175.49. Trust ceases when purpose ceases. - When the purpose for which an express trust was created...

§60-175.50. Repeals as reinstating common law rules. - The repeal of any section of the statutory law of...

§60-175.51. Tax statutes to supersede act. - For the purposes of assessments and collection of taxes by...

§60-175.53. Agreements, wills and trust relations to which statute applicable. - The terms of this act shall apply in the construction...

§60-175.54. Situs in jurisdiction where trustee not qualified to act - Powers of trustee. - A trustee, whether an individual or a corporation, shall have...

§60-175.55. Investment of trust assets by bank, trust company or affiliate of bank or trust company. - A. A bank, trust company, or affiliate of a bank...

§60-175.56. Death of beneficiary before distribution - Distribution to beneficiary's lineal descendants. - When the declaration or agreement of an express trust provides...

§60-175.57. Breach of trust – Remedies - Liability. - A. A violation by a trustee of a duty the...

§60-175.60. Short title. - Short Title. Sections 1 through 13 of this act shall...

§60-175.61. Prudent investor rule. - Prudent Investor Rule. A. Except as otherwise provided in subsection...

§60-175.62. Standard of care - Portfolio strategy - Risk and return objectives. - Standard of Care; Portfolio Strategy; Risk and Return Objectives. A....

§60-175.63. Diversification. - Diversification. A trustee shall diversify the investments of the trust...

§60-175.64. Duties at inception of trusteeship. - Duties at Inception of Trusteeship. Within a reasonable time after...

§60-175.65. Loyalty. - Loyalty. A trustee shall invest and manage the trust assets...

§60-175.66. Impartiality. - Impartiality. If a trust has two or more beneficiaries, the...

§60-175.67. Investment costs. - Investment Costs. In investing and managing trust assets, a trustee...

§60-175.68. Reviewing compliance. - Reviewing Compliance. Compliance with the prudent investor rule is determined...

§60-175.69. Delegation of investment and management functions. - Delegation of Investment and Management Functions. A. A trustee may...

§60-175.70. Language invoking standard of the Oklahoma Uniform Prudent Investor Act. - Language Invoking Standard of the Oklahoma Uniform Prudent Investor Act....

§60-175.71. Application to existing trusts. - Application to Existing Trusts. The Oklahoma Uniform Prudent Investor Act...

§60-175.72. Uniformity of application and construction. - Uniformity of Application and Construction. The Oklahoma Uniform Prudent Investor...

§60-175.81. Oklahoma Discretionary and Special Needs Trust Act. - This act shall be known and may be cited as...

§60-175.82. Definitions. - As used in the Oklahoma Discretionary and Special Needs Trust...

§60-175.83. Applicable provisions for trusts created or modified after November 1, 2010. - The following provisions apply to all trusts created or modified...

§60-175.84. Applicable provisions for trusts created pursuant to Oklahoma Discretionary and Special Needs Trust Act. - The following provisions apply to all trusts created pursuant to...

§60-175.85. Spendthrift provision. - A. A spendthrift provision is valid if it restrains either...

§60-175.86. Distribution interest - Mandatory, support, and discretionary interests. - A. A distribution interest in a trust shall be classified...

§60-175.87. Creditor attachment of mandatory distributions. - A. If a trust created on or after November 1,...

§60-175.88. Applicable trust provisions for beneficiaries holding support interests. - The following provisions apply only to trusts with one or...

§60-175.89. Applicable trust provisions for beneficiaries holding discretionary interests. - The following provisions apply only to trusts with one or...

§60-175.90. Attachment of present or future distributions - Restrictions limiting distribution powers. - A. A trustee may only make distributions for the purposes...

§60-175.91. Validity of trust provisions. - A. A provision which provides that a current distribution interest...

§60-175.92. Existence of a spendthrift provision - Amount the creditor or assignee may reach. - Subject to the provisions of the Family Wealth Preservation Trust...

§60-175.101. Short title. - SHORT TITLE This act shall be known and may be...

§60-175.102. Definitions. - DEFINITIONS As used in this act: 1. "Accounting period" means...

§60-175.103. Fiduciary duties - General principles. - FIDUCIARY DUTIES; GENERAL PRINCIPLES A. In allocating receipts and disbursements...

§60-175.104. Trustee's power to adjust. - TRUSTEE'S POWER TO ADJUST A. A trustee may adjust between...

§60-175.201. Determination and distribution of net income. - DETERMINATION AND DISTRIBUTION OF NET INCOME After a decedent dies,...

§60-175.202. Distribution to residuary and remainder beneficiaries. - DISTRIBUTION TO RESIDUARY AND REMAINDER BENEFICIARIES A. Each beneficiary described...

§60-175.301. When right to income begins and ends. - WHEN RIGHT TO INCOME BEGINS AND ENDS A. An income...

§60-175.302. Apportionment of receipts and disbursements when decedent dies or income interest begins. - APPORTIONMENT OF RECEIPTS AND DISBURSEMENTS WHEN DECEDENT DIES OR INCOME...

§60-175.303. Apportionment when income interest ends. - APPORTIONMENT WHEN INCOME INTEREST ENDS A. In this section, "undistributed...

§60-175.401. Character of receipts. - CHARACTER OF RECEIPTS A. In this section, "entity" means a...

§60-175.402. Distribution from trust or estate. - DISTRIBUTION FROM TRUST OR ESTATE A trustee shall allocate to...

§60-175.403. Business and other activities conducted by trustee. - BUSINESS AND OTHER ACTIVITIES CONDUCTED BY TRUSTEE A. If a...

§60-175.404. Principal receipts. - PRINCIPAL RECEIPTS A trustee shall allocate to principal: 1. To...

§60-175.405. Rental property. - RENTAL PROPERTY To the extent that a trustee accounts for...

§60-175.406. Obligation to pay money. - OBLIGATION TO PAY MONEY A. An amount received as interest,...

§60-175.407. Insurance policies and similar contracts. - INSURANCE POLICIES AND SIMILAR CONTRACTS A. Except as otherwise provided...

§60-175.408. Insubstantial allocations not required. - INSUBSTANTIAL ALLOCATIONS NOT REQUIRED If a trustee determines that an...

§60-175.409. Deferred compensation, annuities, and similar payments. - DEFERRED COMPENSATION, ANNUITIES, AND SIMILAR PAYMENTS A. In this section:...

§60-175.410. Liquidating asset. - LIQUIDATING ASSET A. In this section, "liquidating asset" means an...

§60-175.411. Minerals, water, and other natural resources. - MINERALS, WATER, AND OTHER NATURAL RESOURCES A. To the extent...

§60-175.412. Timber. - TIMBER A. To the extent that a trustee accounts for...

§60-175.413. Property not productive of income. - PROPERTY NOT PRODUCTIVE OF INCOME A. If a marital deduction...

§60-175.414. Derivatives and options. - DERIVATIVES AND OPTIONS A. In this section, "derivative" means a...

§60-175.415. Asset-backed securities. - ASSET-BACKED SECURITIES A. In this section, "asset-backed security" means an...

§60-175.501. Disbursements from income. - DISBURSEMENTS FROM INCOME A trustee shall make the following disbursements...

§60-175.502. Disbursements from principal. - DISBURSEMENTS FROM PRINCIPAL A. A trustee shall make the following...

§60-175.503. Transfers from income to principal for depreciation. - TRANSFERS FROM INCOME TO PRINCIPAL FOR DEPRECIATION A. In this...

§60-175.504. Transfers from income to reimburse principal. - TRANSFERS FROM INCOME TO REIMBURSE PRINCIPAL A. If a trustee...

§60-175.505. Income taxes. - INCOME TAXES A. A tax required to be paid by...

§60-175.506. Adjustments between principal and income because of taxes. - ADJUSTMENTS BETWEEN PRINCIPAL AND INCOME BECAUSE OF TAXES A. A...

§60-175.601. Uniformity of application and construction. - UNIFORMITY OF APPLICATION AND CONSTRUCTION In applying and construing this...

§60-175.602. Application of act to existing trusts and estates. - APPLICATION OF ACT TO EXISTING TRUSTS AND ESTATES This act...

§60-175.603. Application of Section 175.409 of Title 60 to trusts - Particular dates. - TRANSITIONAL MATTERS Section 175.409 of Title 60 of the Oklahoma...

§60-175.701. Short title - Oklahoma Decanting Act. - SHORT TITLE This act shall be known and may be...

§60-175.702. Definitions. - DEFINITIONS As used in this act, unless the context or...

§60-175.703. Distribution to second trust - Trustee with full discretion. - DISTRIBUTION TO SECOND TRUST: TRUSTEE WITH FULL DISCRETION A. An...

§60-175.704. Distribution to second trust - Trustee with limited discretion. - DISTRIBUTION TO SECOND TRUST: TRUSTEE WITH LIMITED DISCRETION A. An...

§60-175.705. Trust for beneficiary with disability. - TRUST FOR BENEFICIARY WITH DISABILITY A. As used in this...

§60-175.706. Notice required. - NOTICE REQUIRED A. An authorized trustee may exercise a power...

§60-175.707. Written instrument required. - WRITTEN INSTRUMENT REQUIRED A distribution under Section 3 or 4...

§60-175.708. Reference to trust terms. - REFERENCE TO TRUST TERMS A reference to the governing instrument...

§60-175.709. Settlor of second trust. - SETTLOR OF SECOND TRUST A. Except as provided by subsection...

§60-175.710. Court-ordered distribution. - COURT-ORDERED DISTRIBUTION A. An authorized trustee may petition a court...

§60-175.711. Divided discretion. - DIVIDED DISCRETION If an authorized trustee has full discretion to...

§60-175.712. Later discovered assets. - LATER DISCOVERED ASSETS To the extent the authorized trustee does...

§60-175.713. Other authority to distribute in further trust not limited. - OTHER AUTHORITY TO DISTRIBUTE IN FURTHER TRUST NOT LIMITED This...

§60-175.714. Need for distribution not required. - NEED FOR DISTRIBUTION NOT REQUIRED An authorized trustee may exercise...

§60-175.715. Duties not created. - DUTIES NOT CREATED A. This act does not create or...

§60-175.716. Certain distributions prohibited. - CERTAIN DISTRIBUTIONS PROHIBITED A. Except as provided by subsection B...

§60-175.717. Exceptions to power of distribution. - EXCEPTIONS TO POWER OF DISTRIBUTION An authorized trustee shall not...

§60-175.718. Tax-related limitations. - TAX-RELATED LIMITATIONS A. The authorized trustee shall not distribute the...

§60-175.719. Compensation of trustee. - COMPENSATION OF TRUSTEE A. Except as provided by subsection B...

§60-176. Trusts for benefit of state, county or municipality - Approval - Expenditures - Conveyance of title to real property used for airport - Bylaws - Amendments - Indebtedness - Bonds - Contracts - Eminent domain - Exemptions. - A. Express trusts may be created to issue obligations, enter...

§60-176.1. Presumptions and conditions - Relationship of trust and beneficiary. - A. Except as provided in subsection F of this section...

§60-177. Reformation of offending instruments. - Such trusts may be created by written instruments or by...

§60-177.1. Limitation upon engaging in activity other than expressly authorized. - That no public trust shall engage in any activity or...

§60-177.2. Issuance of bonds or other evidence of indebtedness - Oklahoma Commission on School and County Funds Management - Powers and duties. - A. No public trust, school district or county shall issue...

§60-177.3. Authorization of participation in short-term cash management program without Commission approval - Receipt of payment or compensation for endorsement of short-term cash management program by person not properly designated or registered - V... - A. Any officer of a school district or county who...

§60-177.4. Endorsement of short-term cash management program by corporation, partnership and other entity deriving income from public funds - Revocation or forfeiture of certificate. - Corporations, partnerships and other entities which derive income from public...

§60-177.5. Rebate of reserve funds resulting from any advance funding or cash management program. - All reserve funds currently or hereafter held by any public...

§60-178. Trustees - Appointment of succession, powers, duties, term, removal and compensation - Applicability to public trusts created and existing prior to July 1, 1988. - A. The instrument or will creating such trust may provide...

§60-178.3. Validity of outstanding indebtedness. - Nothing in this act shall affect the validity of outstanding...

§60-178.4. Trust purpose - Exceptions. - A. Trusts created under the provisions of Sections 176 through...

§60-178.5. Ad valorem taxation. - Those assets of any trust, now being used or engaged...

§60-178.6. Public trusts - Exemption from provisions - Housing finance. - The provisions of Sections 652 and 653 of Title 62...

§60-178.7. Payments in lieu of taxes to be made by lessees of certain public trust property. - All public trusts hereafter issuing revenue bonds, notes or other...

§60-178.8. Conflict of interest - Transactions exempt - Applicability to public trusts created and existing prior to July 1, 1988. - A. Except with regard to residents of a facility for...

§60-178.9. Real and/or personal property - Acquiring and holding in public trust - Conveyance, assignment or other transfer. - Any estate in real and/or personal property may be acquired...

§60-178.10. Conveyance, assignment or other transfer as evidence of trust existence. - Any conveyance, assignment or other transfer executed in the name...

§60-178.11. Acknowledgment of conveyance, assignment or other transfer. - Every conveyance, assignment, or other transfer of any estate in...

§60-178.13. Trusts for benefit of hospitals - Exemptions from beneficiary approval requirements. - Any indebtedness issued by a public trust having as its...

§60-179. Status of trustee - Liability for acts. - The trustee, or trustees, under such an instrument or will...

§60-180. Termination of trust - Contracts not impaired. - A. Any such trust may be terminated by agreement of...

§60-180.1. Annual audits. - A. The trustees of every trust created for the benefit...

§60-180.2. Filing of copies of audit or agreed-upon-procedures report - Failure to file – Filing of copy of instrument or will creating public trust. - (a) The audits herein required shall include the opinion of...

§60-180.3. Expense of audits and agreed-upon-procedures engagements. - The necessary expense of the audits and agreed-upon-procedures engagements, including...

§60-180.4. Regulation of certain public trusts operating a water supply system. - A. The Corporation Commission shall have general supervision over trusts...

§60-180.56. Pari-mutuel horse racing facility - terms and condition for participation by public trust. - A. No public trust as authorized by Section 176 of...

§60-181. Unlimited marital deduction - Construction of trust. - Any trust of a trustor dying after December 31, 1981,...

§60-199. Validity of a trust for the care of domestic or pet animals. - A. A trust for the care of designated domestic or...

§60-299.1. Common law. - The common law of powers is hereby declared to be...

§60-299.2. Creation. - A donor may create a power of appointment only by...

§60-299.3. Donees - Exercising power of appointment. - A donee may exercise a power of appointment only by...

§60-299.4. Insufficient instruments - Additional formalities. - A power of appointment authorized to be exercised by an...

§60-299.5. Persons who may exercise. - Any donee, except a minor, who would be capable of...

§60-299.6. Two or more persons vested with a power of appointment. - When a power of appointment is vested in two or...

§60-299.7. Consent of donor - Writing - Recording. - When the consent of the donor, or of any other...

§60-299.8. Appointment of all the property to one or more of the objects to the exclusion of the others. - Unless a contrary intent is manifested in the instrument creating...

§60-299.9. Donee authorized to appoint himself - Creditors - Claims - Fraudulent conveyances. - When a donee is authorized to appoint to himself all...

§60-299.10. Transfer by deed or will - Property conveyed. - When the donee of a power of appointment makes a...

§60-299.11. Conveyances and devises. - A deed either creating or exercising a power of appointment...

§60-299.12. Suspension of right of alienation - Computation of time. - The period during which the absolute right of alienation may...

§60-299.13. Advancements to descendents. - Every estate or interest given to a descendent of the...

§60-299.14. Assignment for the benefit of creditors. - Under a general assignment for the benefit of creditors, a...

§60-299.15. Power of revocation - Reservation - Effect. - When the grantor in a conveyance reserves to himself, for...

§60-299.16. Absolute power of disposition in grantee or beneficiary. - When an absolute power of disposition is given to a...

§60-300.11. Short title. - SHORT TITLE. Sections 1 through 10 of this act shall...

§60-300.12. Definitions. - DEFINITIONS. In the Uniform Prudent Management of Institutional Funds Act:...

§60-300.13. Standard of conduct in managing and investing institutional fund. - STANDARD OF CONDUCT IN MANAGING AND INVESTING INSTITUTIONAL FUND. (a)...

§60-300.14. Appropriation for expenditure or accumulation of endowment fund – Rules of construction. - APPROPRIATION FOR EXPENDITURE OR ACCUMULATION OF ENDOWMENT FUND; RULES OF...

§60-300.15. Delegation of management and investment functions. - DELEGATION OF MANAGEMENT AND INVESTMENT FUNCTIONS. (a) Subject to any...

§60-300.16. Release or modification of restrictions on management, investment, or purpose. - RELEASE OR MODIFICATION OF RESTRICTIONS ON MANAGEMENT, INVESTMENT, OR PURPOSE....

§60-300.17. Reviewing compliance. - REVIEWING COMPLIANCE. Compliance with the Uniform Prudent Management of Institutional...

§60-300.18. Application to existing institutional funds. - APPLICATION TO EXISTING INSTITUTIONAL FUNDS. The Uniform Prudent Management of...

§60-300.19. Relation to Electronic Signatures in Global and National Commerce Act. - RELATION TO ELECTRONIC SIGNATURES IN GLOBAL AND NATIONAL COMMERCE ACT....

§60-300.20. Uniformity of application and construction. - UNIFORMITY OF APPLICATION AND CONSTRUCTION. In applying and construing the...

§60-301.1. Short title. - This act shall be known and may be cited as...

§60-301.2. Legislative findings and purpose. - A. The Legislature finds that: 1. Charitable, religious, and educational...

§60-301.3. Definitions. - As used in the Oklahoma Charitable Fiduciary Act: 1. "Charitable...

§60-301.4. Fiduciary capacities. - Charitable organizations shall be permitted to act in the following...

§60-301.5. Charitable organizations authorized to exercise certain powers as trustees. - In addition to the powers conferred on fiduciaries by the...

§60-301.6. Fidelity bonds. - A. Governing board must require fidelity bonds. The governing board...

§60-301.7. Powers of charitable organizations acting as trustees of charitable trusts - Common charitable trust funds investments - Reporting - Recovery of costs - Accounting to court. - A. Definitions. For purposes of this section: 1. "Common charitable...

§60-301.8. Private inurement prohibited. - No private inurement. 1. Employees, officers, and members of the...

§60-301.9. Annual audit. - Each year a charitable organization administering charitable trusts shall have...

§60-301.10. Inapplicability of Oklahoma Open Records Act and Oklahoma Open Meeting Act. - Nothing herein shall be construed to subject a charitable organization...

§60-301.11. Applicability of act. - Subject to Section 14 of this act, the provisions of...

§60-301.12. Applicability of other laws. - The provisions of Section 161 of Title 60 of the...

§60-301.13. Charitable organizations administering trusts that are not charitable trusts. - Charitable organizations administering trusts that are not charitable trusts as...

§60-311. Law governing personalty. - If there is no law to the contrary in the...

§60-312. Thing in action. - A thing in action is a right to recover money...

§60-313. Thing in action may be transferred. - A thing in action, arising out of the violation of...

§60-314. Trademarks. - One who produces or deals in a particular thing or...

§60-315. Goodwill. - The goodwill of a business is the expectation of continued...

§60-316. Good-will as property. - The good-will of a business is property, transferable like any...

§60-317. Title deeds. - Instruments essential to the title of real property, and which...

§60-319. Oil and gas well equipment - Lease, loan or option to purchase - Filing instrument in county clerk's office. - Any instrument in writing leasing or lending or giving option...

§60-320. Filing and indexing. - The said instrument shall be filed and indexed by the...

§60-321. Verbal lease or loan void as against innocent purchasers or creditors. - Any verbal leasing or lending of personal property used in...

§60-326. Perpetuities and restraints on alienation. - No retirement, pension or profit sharing plan, qualified for tax...

§60-327. Provisions against alienation or encumbrance. - Any such plan, trust or contract may provide against the...

§60-328. Power to alienate or encumber - Exemption from process and claims. - Any person having an interest in any such plan, trust...

§60-331. Property acquired, how. - Property is acquired by: 1. Occupancy. 2. Accession. 3. Transfer....

§60-332. Title by occupancy. - Occupancy for any period confers a title sufficient against all...

§60-333. Prescription, title by. - Occupancy for the period prescribed by civil procedure, or any...

§60-334. Fixture may not be moved - Exceptions. - When a person affixes his property to the land of...

§60-335. Riparian accretions. - Where from natural causes land forms by imperceptible degrees upon...

§60-336. Removals in mass may be reclaimed. - If a river or stream carries away, by sudden violence,...

§60-337. Islands in navigable streams. - Islands and accumulations of land formed in the beds of...

§60-338. Islands in other streams. - An island or accumulation of land, formed in a stream...

§60-339. Island formed by a new channel. - If a stream, in forming itself a new arm, divides...

§60-340. Ownership of ancient bed. - If a stream forms a new course, abandoning its ancient...

§60-341. Things inseparably united. - When things belonging to different owners have been united so...

§60-342. Principal part defined. - That part is to be deemed the principal to which...

§60-343. Principal part, how determined. - If neither part can be considered the principal, within the...

§60-344. Work and material combined. - If one makes a thing from materials belonging to another,...

§60-345. Blended materials. - Where one has made use of materials which in part...

§60-346. Admixtures of materials of different owners. - When a thing has been formed by the admixture of...

§60-347. Use without owner's consent. - The foregoing sections of this article are not applicable to...

§60-348. Right of owner. - In all cases where one, whose material has been used...

§60-349. Damages. - One who wrongfully employs materials belonging to another is liable...

§60-350. Definitions - Legislative findings - Recorded transfer fees. - A. As used in this section: 1. “Association” means a...

§60-361. Absentees, who are - Authority to appoint conservator - Notice of hearing - Production of official statement. - A person hereinafter referred to as an "absentee" is one...

§60-362. Discretion of court - Bond of appointee. - The court shall have full discretionary authority to appoint any...

§60-363. Powers and authority of conservator. - The conservator shall have the same powers and authority as...

§60-364. Oath of office. - Before entering upon the duties of his office the conservator...

§60-365. Reports and accounts - Fees for services. - The conservator shall make and file reports and accounts as...

§60-366. Removal of conservator. - When a conservator appointed by the court becomes insane or...

§60-367. Termination of conservatorship. - At any time upon petition signed by the absentee, or...

§60-381. Capacity to take property by gift. - The legal capacity of the State of Oklahoma, and of...

§60-382. Tax exemption. - No gift, testamentary or otherwise, of any property, real or...

§60-383. Authority to accept gift to state - Delivery of property and muniments of title. - A. Except to the extent that such authority is otherwise...

§60-384. Allotment of property to state institution, department or agency. - Any property involved in a gift, testamentary or otherwise, given...

§60-385. Allotment of property - Gift for particular purpose. - Any property involved in any gift, testamentary or otherwise, given...

§60-386. Allotment of property given without designation of particular purpose - New allotment. - Except as may be otherwise provided in Sections 391 through...

§60-387. Sale of real property not suitable for particular institutions - Personal property - Lease until sale. - Except as may be otherwise provided in Sections 391 through...

§60-388. Sale of stocks, bonds, choses in action and intangible personal property. - Except as may be otherwise provided in Sections 391 through...

§60-389. Money included in gift - Income and proceeds of sales - Deposit to credit of General Revenue Fund. - Except as may be otherwise provided in Sections 391 through...

§60-390. Acceptance by counties, cities, towns and school districts - Delivery - Receipts. - The board of county commissioners of each county of the...

§60-391. Gift to state, county and city or town - Tenancy in common. - Any gift, testamentary or otherwise, of any property whatsoever to...

§60-392. Gift to state, county and city or town deemed to be intended for public improvements. - Any unconditional gift, testamentary or otherwise, of any property whatsoever...

§60-393. Delivery directly to trustees. - Any property involved in any unconditional gift, testamentary or otherwise,...

§60-394. Trustees, who are - Bond - Designation of trust estate - Trust fund - Approval of sales - Reports. - When any unconditional gift, testamentary or otherwise, of any property...

§60-395. Powers of cotrustees. - The cotrustees of a trust estate resulting hereunder are hereby...

§60-396. Duties additional to other duties - Compensation. - The duties hereby imposed upon any such trustees shall be...

§60-501. Citation. - This act shall be known as the "Unit Ownership Estate...

§60-502. Creation of unit ownership estate - Recording. - A unit ownership estate may be created by an owner...

§60-503. Definitions. - Unless it is plainly evident from the context that a...

§60-504. Status and title created. - A unit ownership estate as created and defined in this...

§60-505. Undivided interest in common elements - Ratio. - A. Each unit owner shall be entitled to an undivided...

§60-506. Common elements to remain undivided - Partition actions prohibited. - The common elements, both general and limited, shall remain undivided...

§60-507. Use of common elements. - Each unit owner may use the common elements in accordance...

§60-508. Strict compliance with rules and bylaws by unit owners. - Each unit owner shall comply strictly with the bylaws and...

§60-509. Maintenance and repair of common elements - Additions or improvements. - The necessary work of maintenance and repair of the common...

§60-510. Work jeopardizing soundness or safety of property prohibited without unanimous consent. - No unit owner shall do any work which would jeopardize...

§60-511. Liens against unit estates - Discharge. - (a) While the property remains subject to this act, no...

§60-512. Expense of administration and repair of common elements - Pro rata share - Exemptions. - (a) Except as provided in subsection (b) of this section...

§60-513. Common profits - Distribution. - The common profits of the property shall be distributed among...

§60-514. Declaration creating estate - Contents. - The declaration creating and establishing unit ownership estates as provided...

§60-515. Deeds conveying estates - Recording - Contents. - A. Deeds conveying unit ownership estates shall be recorded and...

§60-515.1. Instruments and liens - Effectiveness. - Any deed, mortgage or other instrument purporting to convey, mortgage...

§60-516. Plans attached to declarations. - There shall be attached to the declaration, at the time...

§60-517. Removal of property from provisions of act. - The unit owners, by unanimous action, may remove a property...

§60-518. Resubmission of property to provisions of act. - The removal provided for in the preceding section shall in...

§60-519. Administration of property to be governed by bylaws. - A. The administration of every property shall be governed by...

§60-520. Necessary contents of bylaws. - The bylaws must necessarily provide for at least the following:(a)...

§60-521. Maintenance and examination of books and receipts of expenditures. - The administrator, or the board of administration, or other form...

§60-522. Homestead exemptions applicable. - The laws relating to homestead exemption from taxes by a...

§60-523. Assessment of taxes, special assessments and other charges - Liability. - Each unit, together with its proportionate interest in the common...

§60-524. Liens for unpaid share of common expenses - Priorities - Enforcement. - (a) All sums assessed by the council of unit owners...

§60-525. Joint and several liability of grantor and grantee for unpaid common expenses. - The grantee of a unit shall be jointly and severally...

§60-526. Insurance. - The unit owners may, upon resolution of a majority, insure...

§60-527. Damage or destruction of building - Repair or restoration- Deficiency assessments - Distribution of funds. - Except as hereinafter provided, damage to or destruction of the...

§60-528. Obsolete property. - Ninety percent (90%) of the unit owners computed on the...

§60-529. Actions relating to common elements. - Actions may be brought on behalf of two or more...

§60-530. Persons subject to act. - (a) All unit owners, tenants of such owners, employees of...

§60-601. "Charity" defined. - As used in this act, the term "charity" means any...

§60-602. Cy pres doctrine. - If a trust for charity is or becomes illegal or...

§60-651. Definitions. - As used in the Uniform Unclaimed Property Act, unless the...

§60-651.1. Sum payable on traveler's check, money order or other similar written instrument - Presumption of abandonment. - (a) Subject to subsection (d) of this section and except...

§60-651.2. Sum payable on check, certified check, cashier's check, draft, or similar instrument - Presumption of abandonment - Burden of proof - Affirmative defenses. - A. Any sum payable on a check, certified check, cashier's...

§60-652. Property held by banking or financial organizations. - A. Any demand, savings, or matured time deposit with a...

§60-653. Funds held or owing under life or endowment insurance policy or annuity contract. - (a) Funds held or owing under any life or endowment...

§60-653.1. Abandoned property - Demutualization or related reorganization of insurance company. - Property distributable in the course of a demutualization or related...

§60-654. Deposit held by utility. - A deposit, including any interest thereon, made by a subscriber...

§60-654.1. Sum business association ordered to refund by court or administrative agency. - Except to the extent otherwise ordered by the court or...

§60-655. Stock or other equity interest in business association - Unmatured or matured debt. - A. 1. Stock or other equity interest in a business...

§60-655.1. Intangible property distributable in course of dissolution of business corporation. - Intangible property distributable in the course of a dissolution of...

§60-656. Property or funds held by fiduciary. - A. Intangible property and any income or increment derived therefrom...

§60-657. Property held by courts, public officers and agencies. - Intangible property held for the owner by a court, state...

§60-657.1. Credit memo issued in ordinary course of business. - (a) A credit memo issued in the ordinary course of...

§60-657.2. Unpaid wages owing in ordinary course of business. - Unpaid wages, including wages represented by unpresented payroll checks, owing...

§60-657.3. Personal property held in safe deposit box or other safekeeping repository. - All tangible and intangible personal property held in a safe...

§60-657.4. Intangible property - Presumption of abandonment. - A. All intangible property, including but not limited to securities,...

§60-658. Miscellaneous personal property held for another. - A. Except as otherwise provided in the Uniform Unclaimed Property...

§60-658.1. Mineral interests in land. - Any mineral interest in land in Oklahoma shall be subject...

§60-658.1A. Mineral interests generating intangible personal property. - Mineral interests which have generated intangible personal property may be...

§60-659. Additional conditions leading to presumption of abandonment. - Unless otherwise provided in the Uniform Unclaimed Property Act or...

§60-661. Report of abandoned property. - A. A person holding property, tangible or intangible, presumed abandoned...

§60-662. Notice and publication of lists of abandoned property. - A. The State Treasurer shall cause at least two notices...

§60-663. Payment or delivery of abandoned property. - A. A person who is required to file a report...

§60-664. Relief from liability by payment or delivery. - A. Upon the payment or delivery of abandoned property to...

§60-665. Dividends, interest, or other increments realized or accruing after payment or delivery. - Whenever property other than money is paid or delivered to...

§60-666. Periods of limitation - Effect - Application. - A. The expiration after September 1, 1991, of any period...

§60-667. Sale of abandoned property from safe deposit boxes - Securities. - A. Except as provided in subsections B and C of...

§60-668. Unclaimed Property Fund - Deposits - Deductions. - A. There is hereby created in the State Treasury the...

§60-668.1. Unclaimed Property Clearinghouse Fund. - A. There is hereby created in the State Treasury a...

§60-668.2. Petty cash fund for administration of unclaimed property program. - There is hereby created a petty cash fund for the...

§60-669. Control and management of monies in Unclaimed Property Fund. - The State Treasurer is hereby vested with authority and the...

§60-670. Determination of amount of reserve - Payment of excesses. - The State Treasurer shall determine, from time to time, what...

§60-671. Insufficiency of reserve. - If, at any time, the reserve as provided for in...

§60-672. Investment of reserve fund. - The State Treasurer shall have the care, custody, and management...

§60-674. Claim for abandoned property. - A. A person, excluding another state, claiming an interest in...

§60-674.1. Limitation on service fees for recovery of funds or property - Mineral proceeds as payment for services prohibited. - A. No person who: 1. Informs a potential claimant of...

§60-674.2. Property delivered to the State Treasurer. - If any person claims an interest in any property delivered...

§60-675. Determination of claims - Payment. - A. The State Treasurer shall consider any claim filed under...

§60-677. Declining receipt of property - Delivery of property before presumed abandoned - Sale of securities. - A. The State Treasurer may decline to receive any property...

§60-677.1. Destruction of property having insubstantial commercial value. - If the State Treasurer determines after investigation that any property...

§60-678. Report may be required - Failure to report property - Examination of records. - A. The State Treasurer may require any person who has...

§60-679. Proceeding to compel delivery - Costs of examinations or investigations. - A. The State Treasurer may bring an action in a...

§60-679.1. Records of names and addresses of owners and instruments. - A. Every holder required to file a report under Section...

§60-680. Interest - Penalties - Waiver or remittance. - A. A person who fails to pay or deliver property...

§60-681. Promulgation of rules – Continuation of rules in effect. - The State Treasurer may promulgate necessary rules to carry out...

§60-682. Effect of foreign laws. - This act does not apply to any property held, due...

§60-683.1. Exchange of information with other states - Reports – Continuation of agreements - Joint enforcement of act. - A. The State Treasurer may enter into agreements with other...

§60-683.2. Application and effect of act. - (a) This act does not relieve a holder of a...

§60-684.1. Recovery of property by another state. - A. At any time after personal property has been paid...

§60-685.1. Application and construction of act. - The Uniform Unclaimed Property Act (1981) shall be applied and...

§60-686. Citation. - Section 651 et seq. of this title may be cited...

§60-688. Duties relating to administration – Transfer from Tax Commission to State Treasurer – Transfer of administrative rules. - A. Effective July 1, 1999, all duties relating to administration...

§60-701. Accounts presumed abandoned - Escheat. - All Postal Savings System accounts created by the deposits of...

§60-702. Request for account cards. - The Attorney General shall request from the Bureau of Accounts...

§60-703. Proceedings to escheat accounts. - The Attorney General may bring proceedings in the district court...

§60-704. Notice to depositors. - The Attorney General shall notify depositors whose accounts are to...

§60-705. Collection and deposit of funds. - The Attorney General shall present a copy of each final...

§60-706. Indemnification. - This state shall indemnify the United States for any losses...

§60-707. Short title. - This act may be cited as the Escheat of Postal...

§60-751. Definitions. - As used in this act, unless otherwise clearly required by...

§60-752. Right to file disclaimer - Minor incompetent or deceased beneficiaries. - A beneficiary may disclaim any interest in whole or in...

§60-753. Time for filing disclaimer. - Such disclaimer shall be filed at any time after the...

§60-754. Place of filing disclaimer - Delivery of copies - Interest in real estate. - The disclaimer defined in Section 751 of this title shall...

§60-755. Disposition of interest disclaimed. - Unless otherwise provided in the nontestamentary instrument creating the interest...

§60-756. Uniform Fraudulent Conveyances Act not abrogated - Bar on right to disclaim in certain cases. - Nothing included in this act shall be deemed to amend,...

§60-757. Spendthrift provisions - Binding effect of disclaimer - Spouse of disclaimant. - The right to disclaim granted by this act shall exist...

§60-758. Other rights not abridged. - This act shall not abridge the right of any person,...

§60-759. Interests not fixed or finally ascertained - Right to disclaim. - Any interest which exists on the effective date of this...

§60-801. Short title. - This act shall be known as the Oklahoma Airspace Act....

§60-802. Airspace defined - Provisions pertaining to aviation not affected. - For purposes of this act, airspace is defined as that...

§60-803. Airspace as real property. - Airspace as defined herein is real property, and until title...

§60-804. Airspace subject to same statutes, rules of law and common law as other real property. - A. It is the purpose of this act that airspace...

§60-805. Titles, estates, rights and interests as pertaining to airspace. - Subject to the limitations relating to wind or solar energy...

§60-806. State, governmental units, individuals, corporations, etc. as possessing same powers and duties with respect to airspace as to other property. - A. The state and all of its departments, commissions, agencies,...

§60-807. Division of airspace. - Airspace may be divided or apportioned horizontally and vertically, and...

§60-808. Right, title, and interest to pass at death of owner. - The right, title, interest and estate of a decedent in...

§60-809. Taxation. - All titles, estates, rights and interests in airspace are subject...

§60-810. Powers of state over highways, streets, bridges, etc. not extended so as to cause violations. - The powers granted under this act shall in no way...

§60-811. Joint development use plans. - A. The state and any of its political subdivisions, port...

§60-812. Sale of unneeded airspace or real property. - Any governmental authority, agency or instrumentality which holds right, title,...

§60-813. Governmental authority holding only easements for use as rights-of-way. - In situations in which a governmental authority or agency holds...

§60-814. Right of eminent domain. - This act shall not alter, amend, repeal, modify or affect...

§60-815. Laws pertaining to powers, privileges, immunities, duties and liabilities of agencies not affected. - Except as specifically provided herein, this act shall not alter,...

§60-820.1. Airspace Severance Restriction Act. - A. This act shall be known and may be cited...

§60-831. Short title. - This act shall be known and may be cited as...

§60-832. Definitions. - As used in this act: 1. "Offer to purchase" means...

§60-833. Disclaimer and disclosure statements. - A. A seller of property located in this state shall...

§60-834. Delivery of statements. - A. A seller should deliver either the disclaimer statement or...

§60-835. Limitation of seller's liability. - A. The seller shall not be liable for a defect...

§60-836. Duties of real estate licensee. - A. A real estate licensee representing or assisting a seller...

§60-837. Remedies. - A. The purchaser may recover in a civil action only...

§60-838. Exemptions from application of act. - A. This act does not apply to: 1. Transfers pursuant...

§60-839. Notices and acknowledgments. - Any notices or acknowledgments required under this act need not...

§60-851. Nature of developments. - The term "real estate development" shall include developments: 1. Which...

§60-852. Owners association. - A. An "owners association" may be formed by the owner...

§60-853. Taxes and special assessments. - Each separately owned lot, parcel or area together with its...

§60-854. Membership - Covenants and restrictions. - Membership of said owners association shall consist of recorded owners...

§60-855. Application of act. - The powers granted the owners association under this act shall...

§60-856. Enforcement of restrictions and covenants. - Any person owning property in a real estate development shall...

§60-857. Copies of recorded covenants and restrictions. - A copy or a certified copy of all the recorded...

§60-858. Displaying the flag of the United States. - An owners association, condominium association, cooperative association or residential real...

§60-860. Community Residential Living for Persons with Developmental or Physical Disabilities Act. - Sections 860 through 867 of this title shall be known...

§60-861. Legislative findings - Goal of act. - A. The Legislature makes the following findings with regard to...

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Oklahoma Statutes Title 60. Property

Oklahoma Statutes
Title 60. Property