Okla. Stat. tit. 42, § 42-152: Proceeds of building or remodeling contracts, mortgages or

warranty deeds as trust funds for payment of lienable claims.

(1) The amount payable under any building or remodeling contract

shall, upon receipt by any contractor or subcontractor, be held as

trust funds for the payment of all lienable claims due and owing or

to become due and owing by such contractors or subcontractors by

reason of such building or remodeling contract.

(2) The monies received under any mortgage given for the purpose

of construction or remodeling any structure shall upon receipt by

the mortgagor be held as trust funds for the payment of all valid

lienable claims due and owing or to become due and owing by such

mortgagor by reason of such building or remodeling contract.

(3) The amount received by any vendor of real property under a

warranty deed shall, upon receipt by the vendor, be held as trust

funds for the payment of all valid lienable claims due and owing or

to become due and owing by such vendor or his predecessors in title

by reason of any improvements made upon such property within four

(4) months prior to the delivery of said deed.