Okla. Stat. tit. 60, § 60-157
This is the official text of Okla. Stat. tit. 60, § 60-157, part of Oklahoma’s Stat. tit. 60, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 60,." Browse the sections below, each linked to its official government source.
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Mortgages - Words not giving notice of existence of trust
Official statutory text
The appearance of the words "trustee" or "as trustee" or "agent"
following the name of the mortgagee in any mortgage on real estate
or personal property heretofore or hereafter executed, without other
language showing a trust, shall not be deemed to give notice to or
put on inquiry any person dealing with said property or mortgage
that a trust exists, or that there are other beneficiaries of said
mortgage except the mortgagee named therein, and such mortgage shall
vest full rights and ownership to such mortgage and lien created
thereby in such mortgagee, and an assignment or release of said
mortgage by such mortgagee, whether followed by the words "trustee"
or "as trustee" or "agent" or not, shall vest full and complete
title and ownership in said mortgage in the assignee, or shall
constitute a full and complete release of said mortgage, free from
any claims of all persons or corporations. This act shall not apply
to any suits now pending.
following the name of the mortgagee in any mortgage on real estate
or personal property heretofore or hereafter executed, without other
language showing a trust, shall not be deemed to give notice to or
put on inquiry any person dealing with said property or mortgage
that a trust exists, or that there are other beneficiaries of said
mortgage except the mortgagee named therein, and such mortgage shall
vest full rights and ownership to such mortgage and lien created
thereby in such mortgagee, and an assignment or release of said
mortgage by such mortgagee, whether followed by the words "trustee"
or "as trustee" or "agent" or not, shall vest full and complete
title and ownership in said mortgage in the assignee, or shall
constitute a full and complete release of said mortgage, free from
any claims of all persons or corporations. This act shall not apply
to any suits now pending.
Status: in_force · Read it on the official government site
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