Validity of trust provisions

60 O.S. § 175.91 — under Title 60 — Property.

60 O.S. § 175.91

A. A provision which provides that a current distribution interest shall either become a discretionary interest or shall terminate upon the attachment by a creditor, including an exception creditor, is valid.

B. A provision that provides a remainder interest shall terminate or change into a dynasty interest upon attachment by a creditor, including an exception creditor, is valid. Added by Laws 2010, c. 280, § 11, eff. Nov. 1, 2010.