§31-17. Transfers subject to Uniform Fraudulent Transfer Act.
Any transfer of monies or property by a grantor to a preservation trust shall be subject to the provisions of the Uniform Fraudulent Transfer Act. Added by Laws 2004, c. 509, § 8, emerg. eff. June 9, 2004. Amended by Laws 2005, c. 438, § 7, emerg. eff. June 8, 2005.
§31-18. Grantor limited to single preservation trust.
A grantor may not establish more than one preservation trust. However, in the event a preservation trust established by a grantor is wholly revoked or terminated, the grantor may establish a new preservation trust, and this act shall be applicable to such new preservation trust. Added by Laws 2004, c. 509, § 9, emerg. eff. […]
§31-1.3. Certain income not exempt from process.
The determination and order issued by the court pursuant to a hearing requested under Section 1.1 of this title shall not take into consideration any total gross family income which exceeds one hundred twenty times the federal minimum hourly wage prescribed by Section 6(a)(1) of the Fair Labor Standards Act of 1938, U.S.C. Title 29, […]
§31-2. Homestead – Area and value – Indian allottees – Temporary renting.
A. The homestead of any person in this state, not within any city or town, shall consist of not more than one hundred sixty (160) acres of land, which may be in one or more parcels, to be selected by the owner. B. Effective November 1, 1997, the homestead of any person in this state, […]
§31-3. Persons not protected.
The exemption herein provided for must not be construed to apply to the following persons, namely: 1. To a nonresident. 2. To a debtor who is in the act of removing his family from the state; or, 3. Who has absconded, taking with him his family. R.L.1910, § 3344.
§31-5. Homestead exemptions shall not apply, when.
The exemption of the homestead provided for in this chapter shall not apply where the debt is due: 1. For the purchase money of such homestead or a part of such purchase money. 2. For taxes or other legal assessments due thereon. 3. For work and material used in constructing improvements thereon. R.L.1910, § 3346.
§31-6. Exempt personalty subject to attachment or execution for wages.
None of the personal property mentioned in this chapter, shall be exempt from attachment or execution for wages of any clerk, mechanic, laborer or servant. R.L.1910, § 3347.
§31-7. Pension money exempt.
There shall also be exempt from levy and sale upon execution or attachment to every resident of this state who became disabled in the service of the United States as a soldier, sailor, or marine, all pension money hereafter received belonging to such soldier, sailor or marine. R.L.1910, § 3348.
§31-10. Short title.
This act shall be known and may be cited as the “Family Wealth Preservation Trust Act”. Added by Laws 2004, c. 509, § 1, emerg. eff. June 9, 2004.
§31-11. Definitions.
As used in the Family Wealth Preservation Trust Act: 1. “Grantor” means an individual, whether or not a resident of this state, establishing or creating a preservation trust; 2. “Oklahoma assets” includes: a.a stock, bond, debenture, membership interest, partnership interest, or other equity or debt interest issued by an Oklahoma-based company, without reference to assets […]