Oklahoma § 60-140 Surplus liable to creditors.

Oklahoma Statutes

§ 60-140 — Surplus liable to creditors.

Oklahoma·Title 60 Property

Where a trust is created to receive the rents and profits of real property, and no valid direction for accumulation is given, the surplus of such rents and profits, beyond the sum that may be necessary for the education and support of the person for whose benefit the trust is created, is liable to the claims of the creditors of such person, in the same manner as personal property which cannot be reached by execution.

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

Where a trust is created to receive the rents and profits of real property, and no valid direction for accumulation is given, the surplus of such rents and profits, beyond the sum that may be necessary for the education and support of the person for whose benefit the trust is created, is liable to the claims of the creditors of such person, in the same manner as personal property which cannot be reached by execution.

Oklahoma § 60-140 (Surplus liable to creditors.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.