Oklahoma § 24-16 - Debt pooling - Definition
Full text of Oklahoma Oklahoma Statutes § 24-16 — Debt pooling - Definition, with citation guidance and answers to common questions.
§ 24-16. Debt pooling - Definition
Debt pooling is defined as making a contract with a particular
debtor whereby the debtor agrees to pay a sum or sums of money
periodically to the person engaged in the debt pooling who shall
distribute the same among certain specified creditors in accordance
with a plan agreed upon and the debtor further agrees to pay such
person any valuable consideration for such services or for any other
services rendered in connection therewith.
Laws 1957, p. 161, § 2.
Frequently Asked Questions About Oklahoma § 24-16
What does Oklahoma Statutes § 24-16 cover?
Section 24-16 ("Debt pooling - Definition") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 24-16?
A common citation format is "Oklahoma Statutes § 24-16" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 24-16 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.