Oklahoma SB2104 modifies trust management and enforceability requirements, including trustee duties, beneficiary rights, and nonjudicial settlement.

Oklahoma SB2104 amends the Oklahoma Uniform Trust Code to modify requirements for trust management and enforceability. It includes provisions for trustee duties, beneficiary rights, and nonjudicial settlement procedures. The bill specifies that trustees must deliver trust property to successors or beneficiaries upon resignation or removal. It also outlines conditions under which trustees can be relieved from duties and sets forth procedures for nonjudicial settlement of trust accounts.

Oklahoma SB2104 modifies trust management and enforceability requirements, including trustee duties, beneficiary rights, and nonjudicial settlement.

Oklahoma SB2104 amends the Oklahoma Uniform Trust Code to modify requirements for trust management and enforceability. It includes provisions for trustee duties, beneficiary rights, and nonjudicial settlement procedures. The bill specifies that trustees must deliver trust property to successors or beneficiaries upon resignation or removal. It also outlines conditions under which trustees can be relieved from duties and sets forth procedures for nonjudicial settlement of trust accounts.