§58-1257. Record owner considered absolute owner.
A record owner who executes a transfer-on-death deed remains the legal and equitable owner until the death of the owner and during the lifetime of the owner is considered an absolute owner as regards creditors and purchasers. Added by Laws 2008, c. 78, § 7, eff. Nov. 1, 2008.
§58-3015. Exoneration.
A provision in a power of attorney relieving an agent of liability for breach of duty is binding on the principal and the principal’s successors in interest except to the extent the provision: 1. Relieves the agent of liability for breach of duty committed dishonestly, with an improper motive or with reckless indifference to the […]
§58-1217. Persons dealing with purported custodian – Responsibilities.
A third person in good faith and without court order may act on the instructions of or otherwise deal with any person purporting to make a transfer or purporting to act in the capacity of a custodian and, in the absence of knowledge, is not responsible for determining: 1. the validity of the purported custodian’s […]
§58-1258. Transfer-on-death deed not considered testamentary disposition.
A deed in transfer-on-death form, executed in conformity with the Nontestamentary Transfer of Property Act, shall not be considered a testamentary disposition and shall not be invalidated due to nonconformity with other provisions in Title 58 or Title 84 of the Oklahoma Statutes. Added by Laws 2008, c. 78, § 8, eff. Nov. 1, 2008.
§58-3016. Judicial relief.
A. The following persons may petition a court to construe a power of attorney or review the agent’s conduct and grant appropriate relief: 1. The principal or the agent; 2. A guardian, conservator or other fiduciary acting for the principal; 3. A person authorized to make health care decisions for the principal; 4. The principal’s […]
§58-1218. Claims against custodial property – Liability of custodian or minor.
A. A claim based on: 1. a contract entered into by a custodian acting in a custodial capacity, or 2. an obligation arising from the ownership or control of custodial property, or 3. a tort committed during the custodianship, may be asserted against the custodial property by proceeding against the custodian in the custodial capacity, […]
§58-3001. Short title – Uniform Power of Attorney Act.
This act shall be known and may be cited as the “Uniform Power of Attorney Act”. Added by Laws 2021, c. 332, § 1, eff. Nov. 1, 2021.
§58-3017. Agent’s liability.
An agent that violates this act is liable to the principal or the principal’s successors in interest for the amount required to: 1. Restore the value of the principal’s property to what it would have been had the violation not occurred; and 2. Reimburse the principal or the principal’s successors in interest for the attorney […]
§58-1219. Successor or substitute custodian.
A. A person nominated in accordance with the provisions of Section 4 of this act or designated pursuant to the provisions of Section 10 of this act as custodian may decline to serve by delivering a valid disclaimer pursuant to the provisions of Sections 751 through 759 of Title 60 of the Oklahoma Statutes to […]
§58-3002. Definitions.
As used in this act: 1. “Agent” means a person granted authority to act for a principal under a power of attorney, whether denominated an agent, attorney-in-fact or otherwise. The term includes an original agent, coagent, successor agent and a person to which an agent’s authority is delegated; 2. “Durable”, with respect to a power […]