Trusts; creating the Uniform Trust Code; definitions; creditor claims; revocable trusts; trustees; duties and powers of trustee; trustee liability; severability; effective date.
HB 1850 establishes the "Oklahoma Uniform Trust Code," creating a comprehensive set of laws governing how trusts are formed and administered in the state. This legislation directly affects individuals and organizations involved in creating, managing, or benefiting from various types of trusts, including charitable and noncharitable trusts. The bill outlines clear rules for defining trust terms, the duties and powers of trustees, and managing trustee liability. It also provides guidelines for creditor claims against trusts, modifying or terminating trusts, and ensures proper administration of trust property.
Bill status
signed
all 5 stages cleared
Introduction
Feb 2025
Committee Review
May 2025
House Passage
May 2025
Senate Passage
May 2025
Signed into Law
May 2025
Introduced Feb 3, 2025
Signed May 21, 2025
Maddy AI version diff · 7 comparisons
What changed between versions
Floor (House)
→
Floor (Senate)
·
4 edits
MODERATE
The bill was amended to transition from the House floor version to the Senate floor version, incorporating additional provisions regarding settlor powers in revocable trusts, including withdrawal powers and limitations on contesting validity. The changes reflect standard legislative process modifications rather than substantive policy shifts.
REQUIREMENT
Added provisions granting settlors power in revocable trusts and specifying withdrawal powers for revocable trusts
Added limitations on actions contesting the validity of a revocable trust
TECHNICAL
Updated bill header information to reflect Senate floor version with amended status and new co-sponsor
Revised act title to include short title provision and adjusted line numbering for Senate formatting
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
27
Key actions
10
Committee
7
May 21, 2025
Signed into law
Approved by Governor 05/21/2025
lower
May 14, 2025
Committee
Referred for enrollment
lower
May 14, 2025
Lower · Passed
Fourth Reading, Measure passed: Ayes: 60 Nays: 23
lower
May 14, 2025
Lower · Passed
SA's read, adopted
lower
May 1, 2025
Upper · Passed
Engrossed to House
upper
Apr 30, 2025
Committee
Referred for engrossment
upper
Apr 30, 2025
Upper · Passed
Measure passed: Ayes: 39 Nays: 3
upper
Apr 8, 2025
Upper · Passed
Reported Do Pass as amended Judiciary committee; CR filed
upper
Mar 4, 2025
Introduced
First Reading
upper
Mar 4, 2025
Lower · Passed
Engrossed, signed, to Senate
lower
Mar 3, 2025
Committee
Referred for engrossment
lower
Mar 3, 2025
Lower · Passed
Third Reading, Measure passed: Ayes: 79 Nays: 19
lower
Feb 25, 2025
Lower · Passed
CR; Do Pass, amended by committee substitute Judiciary and Public Safety Oversight Committee
lower
Feb 10, 2025
Lower · Passed
Policy recommendation to the Judiciary and Public Safety Oversight committee; Do Pass, amended by committee substitute Civil Judiciary
lower
Feb 4, 2025
Committee
Referred to Civil Judiciary
lower
Feb 3, 2025
Introduced
First Reading
lower
2 primary · 0 co-sponsors
Sponsors
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