Okla. Stat. tit. 36, § 36-3627
This is the official text of Okla. Stat. tit. 36, § 36-3627, part of Oklahoma’s Stat. tit. 36, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 36,." Browse the sections below, each linked to its official government source.
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Minor may give acquittance
Official statutory text
Any minor domiciled in this state who has attained the age of
sixteen (16) years shall be deemed competent to receive and to give
full acquittance and discharge for a payment or payments in
aggregate amount not exceeding Two Thousand Dollars ($2,000.00) in
any one (1) year made by a life insurer as benefits payable to such
minor in compliance with the provisions of an insurance policy,
annuity contract or settlement agreement. No such minor shall be
deemed competent to alienate the right to or to anticipate such
payments.
Oklahoma Statutes - Title 36. Insurance Page 798
This section shall not be deemed to restrict the rights of
minors set forth in subsection B of Section 3606 of this article.
sixteen (16) years shall be deemed competent to receive and to give
full acquittance and discharge for a payment or payments in
aggregate amount not exceeding Two Thousand Dollars ($2,000.00) in
any one (1) year made by a life insurer as benefits payable to such
minor in compliance with the provisions of an insurance policy,
annuity contract or settlement agreement. No such minor shall be
deemed competent to alienate the right to or to anticipate such
payments.
Oklahoma Statutes - Title 36. Insurance Page 798
This section shall not be deemed to restrict the rights of
minors set forth in subsection B of Section 3606 of this article.
Status: in_force · Read it on the official government site
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