On May 12, 2026, OKL LEG reported bill approval by governor.
On May 6, OKL LEG passed bill on trust administration and procedures.
OKL LEG passed SB 2104 to update and clarify various provisions of Oklahoma trust law, including jurisdiction, venue, procedures in district court actions involving trusts.
Clarifies district court jurisdiction venue for trust disputes, defines necessary parties in trust-related actions, and expands provisions on nonjudicial settlement agreements.
The bill also updates the definitions under the Oklahoma Uniform Trust Code.
Establishes procedures for trustees to obtain nonjudicial settlement of accounts, notice and objection requirements, and rules on delivery of trust property by former trustees.
Also, clarifies standards for enforceability of trust provisions and trust certifications.
The bill aims to modernize trust administration procedures, improve legal clarity, and reduce disputes involving trusts and trustees by establishing clearer rules, processes.
Legislative History
On Feb. 2, 2026, bill introduced in Senate; on Mar. 11, 2026, bill passed in the Senate.
On Mar. 12, 2026, bill introduced in House; on May 6, 2026, bill was passed in House.
Effectiveness
Upon approval, this bill shall become effective on Nov. 1, 2026.
May 2026 OKL LEG Governor Approval
On May 12, 2026, OKL LEG reported bill approval by governor.
