{"data":{"id":"us-ok/okla.-stat.-tit.-22-22-1413","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 22, § 22-1413","heading":"Duties of trustee on filing of lien notice - Liability","body":"A. A trustee, who acquires actual knowledge that a lien notice\n\nor a civil proceeding or criminal proceeding has been filed against\n\nany person for whom the trustee holds legal or record title to\n\npersonal or real property, shall immediately furnish to the Attorney\n\nGeneral or district attorney the following:\n\n1. The name and address of the person;\n\n2. The name and address of all other persons for whose benefit\n\nthe trustee holds title to the personal or real property; and\n\n3. If requested by the Attorney General or district attorney, a\n\ncopy of the trust agreement or other instrument pursuant to which\n\nthe trustee holds legal or record title to the personal or real\n\nproperty. Any trustee who fails to comply with the provisions of\n\nthis section, upon conviction, is guilty of a felony.\n\nB. Any trustee having notice of the filing of the lien notice,\n\nwho transfers or conveys title to personal or real property on which\n\nsaid notice has been filed, shall not be liable to the state for the\n\ngreater of:\n\n1. The amount of proceeds received directly by the person named\n\nin the lien notice as a result of the transfer or conveyance;\n\n2. The amount of proceeds received by the trustee as a result\n\nof the transfer or conveyance and distributed to the person named in\n\nthe lien notice; or\n\n3. The fair market value of the interest of the person named in\n\nthe lien notice in the personal or real property transferred or\n\nconveyed; but if the trustee transfers or conveys the personal or\n\nreal property for at least its fair market value and holds the\n\nproceeds that would otherwise be paid or distributed to the\n\nbeneficiary or at the direction of the beneficiary or designee of\n\nthe beneficiary, the liability of the trustee shall not exceed the\n\namount of the proceeds held for so long as the proceeds are held by\n\nthe trustee.\n\nC. The filing of a lien notice shall not constitute a lien on\n\nthe record title to personal or real property owned by the trustee\n\nexcept to the extent the trustee is named in the lien notice. The\n\nAttorney General or district attorney may bring a civil proceeding\n\nin any district court against the trustee to recover from the\n\ntrustee the amounts set forth in the Oklahoma Racketeer-Influenced\n\nand Corrupt Organizations Act, and the state shall also be entitled\n\nto recover investigative costs and attorneys fees incurred by the\n\nAttorney General or district attorney.\n\nD. The provisions of this section shall not apply to any\n\ntransfer or conveyance by a trustee pursuant to a court order,\n\nunless the court order is entered in an action between the trustee\n\nand the beneficiary.","path":["OK Code","Title 22"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os22.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"0f757006993a8cbe2576c1a069805801f1d9e7917dd4f4b5374b16c15af59f51","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-22-22-1412","next":"us-ok/okla.-stat.-tit.-22-22-1414"},"notice":"GroundRules: Original legal text. Not legal advice."}