Okla. Stat. tit. 60 § 1211

Current through Laws 2024, c. 453.

Section 1211

A. Unless the terms of a trust provide otherwise:

1. A trustee does not have a duty to:

a. monitor a trust director, or

b. inform or give advice to a settlor, beneficiary, trustee, or trust director concerning an instance in which the trustee might have acted differently than the director; and

2. By taking an action described in paragraph 1 of this subsection, a trustee does not assume the duty excluded by paragraph 1 of this subsection.

B. Unless the terms of a trust provide otherwise:

1. A trust director does not have a duty to:

a. monitor a trustee or another trust director, or

b. inform or give advice to a settlor, beneficiary, trustee, or another trust director concerning an instance in which the director might have acted differently than a trustee or another trust director; and

2. By taking an action described in paragraph 1 of this subsection, a trust director does not assume the duty excluded by paragraph 1 of this subsection.

Okla. Stat. tit. 60, § 1211

Added by Laws 2024 , c. 369, s. 12, eff. 11/1/2024.