Oklahoma § 21-1834.1 Sale of secured personal property - Debtor as trustee

Oklahoma Statutes

§ 21-1834.1 — Sale of secured personal property - Debtor as trustee

Oklahoma § 21-1834.1

Title 21Crimes And Punishments

This text of Oklahoma § 21-1834.1 (Sale of secured personal property - Debtor as trustee) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 21, § 21-1834.1 (2026).

Text

of funds received. Every debtor owning personal property in this state in which a creditor has a security interest who, with the consent of the secured party or his assignee, shall sell such collateral, or any part thereof, while the security agreement remains in force and unsatisfied, shall be deemed and conclusively held to be the trustee of the funds received upon the sale thereof, for the benefit of such secured party, or assignee, to the extent of the indebtedness secured thereby or any balance due thereof.

Free access — add to your briefcase to read the full text and ask questions with AI

of funds received. Every debtor owning personal property in this state in which a creditor has a security interest who, with the consent of the secured party or his assignee, shall sell such collateral, or any part thereof, while the security agreement remains in force and unsatisfied, shall be deemed and conclusively held to be the trustee of the funds received upon the sale thereof, for the benefit of such secured party, or assignee, to the extent of the indebtedness secured thereby or any balance due thereof.