Okla. Stat. tit. 31, § 31-12
This is the official text of Okla. Stat. tit. 31, § 31-12, part of Oklahoma’s Stat. tit. 31, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 31,." Browse the sections below, each linked to its official government source.
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Corpus and income of preservation trust exempt from
Official statutory text
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 debts of a
grantor, except a child support judgment. Any incremental growth
derived from income or an increase in value of the corpus of a
preservation trust shall also be considered protected by this
section. Transfer of an asset to a preservation trust does not
affect any mortgage, security interest or lien to which that asset
is subject.
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 debts of a
grantor, except a child support judgment. Any incremental growth
derived from income or an increase in value of the corpus of a
preservation trust shall also be considered protected by this
section. Transfer of an asset to a preservation trust does not
affect any mortgage, security interest or lien to which that asset
is subject.
Status: in_force · Read it on the official government site
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