On April 21, 2015, Gov. Fallin signed SB774, which allows a trust to exist in perpetuity so long as the absolute power of alienation is not suspended beyond lives in being plus 21 years. The statutory amendment provides: “The absolute power of alienation is not suspended if there is any person in being who, alone or in combination with one or more others, has the power to sell, exchange, or otherwise convey the real or personal property.” These amendments appear to be directed toward the suggestion that the Oklahoma constitutional prohibition against perpetuities is a prohibition against suspension of the power of alienation.
On April 21, 2015, Gov. Fallin vetoed HB1149, which would have required that the Courts strictly construe in-terrorem clauses, or no-contest clauses, contained in wills. This proposed law would have eliminated the "good faith" exception to enforcement of these clauses, and could have interfered with the equitable doctrine that equity abhors a forfeiture.
On April 7, 2015, Gov. Fallin approved SB725, which expands the Oklahoma slayer statute to persons who have been convicted of abuse, neglect or exploitation of a vulnerable adult under 21 O.S. 843.3.