Okla. Stat. tit. 42, § 42-152
This is the official text of Okla. Stat. tit. 42, § 42-152, part of Oklahoma’s Stat. tit. 42, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 42,." Browse the sections below, each linked to its official government source.
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Proceeds of building or remodeling contracts, mortgages or
Official statutory text
warranty deeds as trust funds for payment of lienable claims.
(1) The amount payable under any building or remodeling contract
shall, upon receipt by any contractor or subcontractor, be held as
trust funds for the payment of all lienable claims due and owing or
to become due and owing by such contractors or subcontractors by
reason of such building or remodeling contract.
(2) The monies received under any mortgage given for the purpose
of construction or remodeling any structure shall upon receipt by
the mortgagor be held as trust funds for the payment of all valid
lienable claims due and owing or to become due and owing by such
mortgagor by reason of such building or remodeling contract.
(3) The amount received by any vendor of real property under a
warranty deed shall, upon receipt by the vendor, be held as trust
funds for the payment of all valid lienable claims due and owing or
to become due and owing by such vendor or his predecessors in title
by reason of any improvements made upon such property within four
(4) months prior to the delivery of said deed.
(1) The amount payable under any building or remodeling contract
shall, upon receipt by any contractor or subcontractor, be held as
trust funds for the payment of all lienable claims due and owing or
to become due and owing by such contractors or subcontractors by
reason of such building or remodeling contract.
(2) The monies received under any mortgage given for the purpose
of construction or remodeling any structure shall upon receipt by
the mortgagor be held as trust funds for the payment of all valid
lienable claims due and owing or to become due and owing by such
mortgagor by reason of such building or remodeling contract.
(3) The amount received by any vendor of real property under a
warranty deed shall, upon receipt by the vendor, be held as trust
funds for the payment of all valid lienable claims due and owing or
to become due and owing by such vendor or his predecessors in title
by reason of any improvements made upon such property within four
(4) months prior to the delivery of said deed.
Status: in_force · Read it on the official government site
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