§ 1834.1. Sale of secured personal property--Debtor as trustee of funds received
Oklahoma Statutes AnnotatedTitle 21. Crimes and Punishments
21 Okl.St.Ann. § 1834.1
§ 1834.1. Sale of secured personal property--Debtor as trustee 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.
Credits
Laws 1967, c. 155, § 1, emerg. eff. May 1, 1967.
Chapters 56 through 60 appear in this volume
21 Okl. St. Ann. § 1834.1, OK ST T. 21 § 1834.1
Current with emergency effective legislation through Chapter 295 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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