§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. […]
§31-5. 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 […]
§31-12. 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 […]
§31-13. Preservation trust – Revocable or irrevocable – Contributions.
A preservation trust may be established as a revocable and amendable trust or as an irrevocable trust. If the grantor of a preservation trust revokes or partially revokes the preservation trust, the exemption provisions of Section 12 of this title shall not be applicable to any property received by the grantor as a result of […]
§31-14. Preservation trust exemptions independent and in addition to other exemptions.
The exemptions provided for pursuant to other provisions of the laws of this state shall be independent of and in addition to the exemption provided for pursuant to Section 12 of this title. Added by Laws 2004, c. 509, § 5, emerg. eff. June 9, 2004. Amended by Laws 2005, c. 438, § 4, emerg. […]