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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 60, § 60-1314: Creditors' rights to qualified disposition — Personal

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  1. OK Code
  2. Title 60

liability of qualified person.

Notwithstanding any law to the contrary, a creditor, including a

creditor whose claim arose before or after a qualified disposition,

or any other person has only such rights with respect to a qualified

disposition as are provided in Sections 29 through 36 of this act,

and no such creditor nor any other person has any claim or cause of

action against the trustee or advisor, described in Section 24 of

this act, of a trust that is the subject of a qualified disposition,

or against any person involved in the counseling, drafting,

preparation, execution, or funding of a trust that is the subject of

a qualified disposition. In addition to the provisions of Section

37 of this act, at no time is a qualified person personally liable

to a creditor of a transferor or any other person for distributions

made by the qualified person, before the creditor or person notified

the qualified person, in writing, that a claim or cause of action

existed. This applies regardless of whether the distributions are

made to or for the benefit of the transferor or a beneficiary during

the period in which a creditor or other person could make a claim as

provided in Section 30 of this act.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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