Okla. Stat. tit. 24, § 24-34
This is the official text of Okla. Stat. tit. 24, § 24-34, part of Oklahoma’s Stat. tit. 24, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 24,." Browse the sections below, each linked to its official government source.
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Assignments void in certain cases
Official statutory text
An assignment for the benefit of creditors is void against any
creditor of the assignor not assenting thereto, in the following
cases:
1. If it tend to coerce any creditor to release or compromise
his demand.
2. If it provide for the payment of any claim known to the
assignor to be false or fraudulent; or for the payment of more upon
any claim than is known to be justly due from the assignor.
3. If it reserve any interest in the assigned property, or in
any part thereof, to the assignor, or for his benefit, before all
his existing debts are paid, other than property exempt by law from
execution.
4. If it confer upon the assignee any power which, if
exercised, might prevent or delay the immediate conversion of the
assigned property to the purposes of the trust.
5. If it exempt him from liability for neglect of duty or
misconduct.
R.L. 1910, § 217.
Oklahoma Statutes - Title 24. Debtor and Creditor Page 6
creditor of the assignor not assenting thereto, in the following
cases:
1. If it tend to coerce any creditor to release or compromise
his demand.
2. If it provide for the payment of any claim known to the
assignor to be false or fraudulent; or for the payment of more upon
any claim than is known to be justly due from the assignor.
3. If it reserve any interest in the assigned property, or in
any part thereof, to the assignor, or for his benefit, before all
his existing debts are paid, other than property exempt by law from
execution.
4. If it confer upon the assignee any power which, if
exercised, might prevent or delay the immediate conversion of the
assigned property to the purposes of the trust.
5. If it exempt him from liability for neglect of duty or
misconduct.
R.L. 1910, § 217.
Oklahoma Statutes - Title 24. Debtor and Creditor Page 6
Status: in_force · Read it on the official government site
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