§ 117. Transfer fraudulent to creditor whose claim arose before transfer made or obligation inc...
Oklahoma Statutes AnnotatedTitle 24. Debtor and Creditor
24 Okl.St.Ann. § 117
§ 117. Transfer fraudulent to creditor whose claim arose before transfer made or obligation incurred
A. A transfer made or obligation incurred by a debtor is fraudulent as to a creditor whose claim arose before the transfer was made or the obligation was incurred if the debtor made the transfer or incurred the obligation without receiving a reasonably equivalent value in exchange for the transfer or obligation and the debtor was insolvent at that time or the debtor became insolvent as a result of the transfer or obligation.
Credits
Laws 1986, c. 100, § 6, eff. Nov. 1, 1986.
24 Okl. St. Ann. § 117, OK ST T. 24 § 117
Current with emergency effective legislation through Chapter 3 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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