Section 1735 - Delegation of fiduciary functionsA. Any person acting as a trustee or as any other fiduciary under the laws of this state may delegate any investment, management or administrative function if such person exercises reasonable care, judgment and caution in: 1. Selecting the delegate, taking into account the delegate's financial standing and reputation;2. Establishing the scope and other terms of any delegation; and3. Reviewing periodically the delegate's actions in order to monitor overall performance and compliance with the scope and other terms of the delegation.B. Notwithstanding any delegation permitted by subsection A of this section, any person acting as a trustee or in any other fiduciary capacity under the laws of this state shall retain responsibility for the due performance of any delegated fiduciary function.Okla. Stat. tit. 6, § 1735
Added by Laws 1998, c. 104, § 31, eff. 11/1/1998.