Oklahoma Statutes
Okla. Stat. tit. 60, § 175.49 (2026)
Trust ceases when purpose ceases
✓ current as of July 2026
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When the purpose for which an express trust was created ceases, the estate of the trustee also ceases. Laws 1941, p. 265, § 49.
Notes of Decisions
Cited in 4
cases (1 in the last 5 years), 1955–2021 · leading case: Barnes v. Barnes, 280 P.2d 996 (Okla. 1955).
Barnes v. Barnes, 280 P.2d 996 (Okla. 1955). “Such language contemplates that such payments shall be made during plaintiff’s lifetime, since, as we have already pointed out, the obvious purpose of the trust is to provide a method whereby plaintiff will receive his share of the estate in specified monthly installments over a…”
Regents of the Univ. of Oklahoma v. Bailey, 466 P.2d 647 (Okla. 1970). “Title 60 O.S.1961, § 175.49, of the Oklahoma Trust Act provides that when the purpose for which an express trust was created ceases, the estate of the trustee also ceases.”
Burford Manor, Inc. v. Deel, 877 P.2d 623 (Okla. Civ. App. 1994). “For it is written in 60 O.S.1991 § 175.49, that: *626 “When the purpose for which an express trust was created ceases, the estate of the trustee also ceases.”
Burgess v. Johnson (N.D. Okla. 2021). “” Okla. Stat. tit. 60, § 175.49 . That is, when “the purpose of the trust ceases .”
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