§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. […]
§31-15. Effect on homestead exemption.
The provisions of the Family Wealth Preservation Trust Act shall not operate to increase the area and value of the homestead exemption provided for pursuant to Section 2 of this title. Added by Laws 2004, c. 509, § 6, emerg. eff. June 9, 2004. Amended by Laws 2005, c. 438, § 5, emerg. eff. June […]