STATE OF OKLAHOMA

1st Session of the 53rd Legislature (2011)

SENATE BILL 889	By:	Justice

AS INTRODUCED

An Act relating to vulnerable adults; establishing rebuttable presumption for certain transfer of property; providing for codification; and providing an effective date.

BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1.     NEW LAW     A new section of law to be codified in the Oklahoma Statutes as Section 10-113 of Title 43A, unless there is created a duplication in numbering, reads as follows:
If any person, with whom a confidence is reposed by or who holds a real or apparent authority over or who has a fiduciary relationship with an elderly or disabled person, transfers the elderly or disabled person’s real or personal property for less than full consideration, there shall be a rebuttable presumption that the property was obtained and transferred by undue influence.
SECTION 2.  This act shall become effective November 1, 2011.

53-1-874	TEK	1/20/2011 3:56:10 PM