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§ 119. Creditor's remedies

Oklahoma Statutes AnnotatedTitle 24. Debtor and Creditor

Oklahoma Statutes Annotated
Title 24. Debtor and Creditor (Refs & Annos)
Chapter 7. Uniform Fraudulent Transfer Act (Refs & Annos)
24 Okl.St.Ann. § 119
§ 119. Creditor's remedies
Currentness
A. In an action for relief against a transfer or obligation pursuant to the provisions of the Uniform Fraudulent Transfer Act, a creditor, subject to the limitations of Section 9 of this act,1 may obtain:
1. avoidance of the transfer or obligation to the extent necessary to satisfy the creditor's claim; or
2. an attachment or other provisional remedy against the asset transferred or other property of the transferee as provided for by law; or
3. subject to applicable principles of equity and in accordance with applicable rules of civil procedure:
a. an injunction against further disposition by the debtor or a transferee, or both, of the asset transferred or of other property, or
b. appointment of a receiver to take charge of the asset transferred or of other property of the transferee, or
c. any other relief the circumstances may require.
B. If a creditor has obtained a judgment on a claim against the debtor, the creditor, if the court so orders, may levy execution on the asset transferred or its proceeds.

Credits

Laws 1986, c. 100, § 8, eff. Nov. 1, 1986.

Footnotes

1
Title 24, § 120.
24 Okl. St. Ann. § 119, OK ST T. 24 § 119
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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