Okla. Stat. tit. 60 § 175.715

Current through Laws 2024, c. 453.

Section 175.715 - Duties not created

A. This act does not create or imply a duty for an authorized trustee to exercise a power to distribute principal, and impropriety shall not be inferred as a result of the trustee not exercising a power conferred by Section 3 or 4 of this act.

B. An authorized trustee does not have a duty to inform beneficiaries about the availability of the authority provided by this act or a duty to review the trust to determine whether any action should be taken under this act.

Okla. Stat. tit. 60, § 175.715

Added by Laws 2021 , c. 268, s. 15, eff. 11/1/2021.