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OklahomaSB 2104Oklahoma 2026 Regular SessionSenate

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

Sponsored By: Brent Howard (Republican)

Signed by Governor

Senate Committee

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 1 benefits, 0 costs, 2 mixed.

Trust wrap-ups with 60-day deadline

Beginning November 1, 2026, a trustee can settle a trust account without court when the trust ends, the trustee steps down, or for an interim period. The trustee must send notice with the reason, proposed distributions, estimated legal and trustee fees, account statements for the last 30 months (or the whole term if shorter), a 60‑day objection deadline, and contact details. People who get notice have 60 days to object in writing; timely objections go to court or can be resolved by a nonjudicial settlement agreement. If no one objects on time, the settlement is treated as approved like a final court order, and those who got notice are barred from later claims. The trustee may make or hold payments and pay expenses until approval or deemed approval.

Short trust certificate for banks

Beginning November 1, 2026, a trustee can give a short certification instead of the full trust document. It states the trust exists and date, the settlor, the current trustee and address, the trustee’s powers, if the trust is revocable and by whom, co‑trustee signing rules, the trust tax ID, how title is held, and that these facts remain correct. It can leave out who gets the property. A recipient may ask for excerpts showing who can act. Someone who relies on the certification in good faith is protected; a bad‑faith demand for the full document can lead to damages.

When the new trust rules apply

Beginning November 1, 2026, the updated rules apply to trusts made before, on, or after that date and to court cases started then or later. For cases filed earlier, a court can decline a new rule if it would disrupt the case or harm the parties. Acts done before that date are not changed. Time limits that began before that date keep the old rules. New duties tied to the new “qualified beneficiary” meaning apply only to actions on or after its effective date.

Sponsors & Cosponsors

Sponsor

  • Brent Howard

    Republican • Senate

Cosponsors

  • Suzanne Schreiber

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 181 • No: 0

House vote • 5/6/2026

THIRD READING

Yes: 92 • No: 0

House vote • 4/16/2026

DO PASS

Yes: 11 • No: 0

House vote • 4/16/2026

DO PASS

Yes: 11 • No: 0

House vote • 4/2/2026

DO PASS

Yes: 9 • No: 0

House vote • 4/2/2026

DO PASS

Yes: 9 • No: 0

Senate vote • 3/11/2026

THIRD READING

Yes: 42 • No: 0

Senate vote • 2/10/2026

Committee vote: Judiciary

Yes: 7 • No: 0

Actions Timeline

  1. Approved by Governor 05/12/2026

    5/13/2026Senate

  2. Sent to Governor

    5/6/2026Senate

  3. Signed, returned to Senate

    5/6/2026House

  4. Enrolled, to House

    5/6/2026Senate

  5. Referred for enrollment

    5/6/2026Senate

  6. Signed, returned to Senate

    5/6/2026House

  7. Third Reading, Measure passed: Ayes: 92 Nays: 0

    5/6/2026House

  8. General Order

    5/6/2026House

  9. CR; Do Pass Judiciary and Public Safety Oversight Committee

    4/16/2026House

  10. Policy recommendation to the Judiciary and Public Safety Oversight committee; Do Pass Civil Judiciary

    4/6/2026House

  11. Referred to Civil Judiciary

    3/30/2026House

  12. Second Reading referred to Judiciary and Public Safety Oversight

    3/30/2026House

  13. First Reading

    3/12/2026House

  14. Engrossed to House

    3/12/2026Senate

  15. Referred for engrossment

    3/11/2026Senate

  16. Measure passed: Ayes: 42 Nays: 0

    3/11/2026Senate

  17. General Order, Considered

    3/11/2026Senate

  18. Coauthored by Representative Schreiber (principal House author)

    2/24/2026Senate

  19. Placed on General Order

    2/12/2026Senate

  20. Reported Do Pass as amended Judiciary committee; CR filed

    2/10/2026Senate

  21. Second Reading referred to Judiciary

    2/3/2026Senate

  22. Authored by Senator Howard

    2/2/2026Senate

  23. First Reading

    2/2/2026Senate

Bill Text

  • Enrolled (final version)

    5/6/2026

    PDF

  • Floor (House)

    4/20/2026

    PDF

  • House Committee Report

    4/16/2026

    PDF

  • House Policy Committee Report

    4/6/2026

    PDF

  • Engrossed

    3/12/2026

    PDF

  • Floor (Senate)

    2/11/2026

    PDF

  • Senate Committee Report

    2/10/2026

    PDF

  • Introduced

    1/15/2026

    PDF

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