Trusts; modifying requirements related to management and enforceability of trusts. Effective date.

Summary

The bill updates several sections of the Oklahoma Uniform Trust Code, specifying which district courts have authority over trust matters, where actions may be filed, and which individuals must be parties to a case. It restricts a trustee’s ability to cut beneficiaries’ vested rights or lessen fiduciary duties, and it establishes rules for binding non‑judicial settlement agreements and the delivery of trust property. The changes are intended to better protect beneficiaries and streamline trust administration.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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