Okla. Stat. tit. 22, § 22-1413

This is the official text of Okla. Stat. tit. 22, § 22-1413, part of Oklahoma’s Stat. tit. 22, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 22,." Browse the sections below, each linked to its official government source.

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Duties of trustee on filing of lien notice - Liability

Official statutory text

A. A trustee, who acquires actual knowledge that a lien notice

or a civil proceeding or criminal proceeding has been filed against

any person for whom the trustee holds legal or record title to

personal or real property, shall immediately furnish to the Attorney

General or district attorney the following:

1. The name and address of the person;

2. The name and address of all other persons for whose benefit

the trustee holds title to the personal or real property; and

3. If requested by the Attorney General or district attorney, a

copy of the trust agreement or other instrument pursuant to which

Oklahoma Statutes - Title 22. Criminal Procedure Page 553

the trustee holds legal or record title to the personal or real

property. Any trustee who fails to comply with the provisions of

this section, upon conviction, is guilty of a felony.

B. Any trustee having notice of the filing of the lien notice,

who transfers or conveys title to personal or real property on which

said notice has been filed, shall not be liable to the state for the

greater of:

1. The amount of proceeds received directly by the person named

in the lien notice as a result of the transfer or conveyance;

2. The amount of proceeds received by the trustee as a result

of the transfer or conveyance and distributed to the person named in

the lien notice; or

3. The fair market value of the interest of the person named in

the lien notice in the personal or real property transferred or

conveyed; but if the trustee transfers or conveys the personal or

real property for at least its fair market value and holds the

proceeds that would otherwise be paid or distributed to the

beneficiary or at the direction of the beneficiary or designee of

the beneficiary, the liability of the trustee shall not exceed the

amount of the proceeds held for so long as the proceeds are held by

the trustee.

C. The filing of a lien notice shall not constitute a lien on

the record title to personal or real property owned by the trustee

except to the extent the trustee is named in the lien notice. The

Attorney General or district attorney may bring a civil proceeding

in any district court against the trustee to recover from the

trustee the amounts set forth in the Oklahoma Racketeer-Influenced

and Corrupt Organizations Act, and the state shall also be entitled

to recover investigative costs and attorneys fees incurred by the

Attorney General or district attorney.

D. The provisions of this section shall not apply to any

transfer or conveyance by a trustee pursuant to a court order,

unless the court order is entered in an action between the trustee

and the beneficiary.

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.