Okla. Stat. tit. 31 § 12

Current through Laws 2024, c. 453.
Section 12 - Corpus and income of preservation trust exempt from attachment, execution, forced sale, and liens - Exceptions - Transfer of assets

Notwithstanding Section 3 of this title and Section 299.15 of Title 60 of the Oklahoma Statutes, the corpus and income of a preservation trust shall be exempt from attachment or execution and every other species of forced sale and no judgment, decree, or execution can be a lien on the trust for the payment of debts of a grantor, except a child support judgment. Any incremental growth derived from income or an increase in value of the corpus of a preservation trust shall also be considered protected by this section. Transfer of an asset to a preservation trust does not affect any mortgage, security interest or lien to which that asset is subject.

Okla. Stat. tit. 31, § 12

Amended by Laws 2014 , c. 102, s. 2, eff. 11/1/2014.
Added by Laws 2004 , HB 2135, c. 509, § 3, emerg. eff. 6/9/2004; Amended by Laws 2005 , SB 573, c. 438, § 2, emerg. eff. 6/8/2005.