Oklahoma § 24-38 - Inventory, necessity and requisites of

Full text of Oklahoma Oklahoma Statutes § 24-38 — Inventory, necessity and requisites of, with citation guidance and answers to common questions.

§ 24-38. Inventory, necessity and requisites of

Within twenty (20) days after an assignment is made for the

benefit of creditors, the assignor must make and file in the manner

prescribed by Section 223 a full and true inventory, showing:

1. All the creditors of the assignor;

2. The place of residence of each creditor, if known to the

assignor, or, if not known, that fact must be stated;

3. The sum owing to each creditor, and the nature of each debt

or liability, whether arising on written security, account or

otherwise;

4. The true consideration of the liability in each case, and

the place where it arose;

5. Every existing judgment, mortgage, or other security for the

payment of any debt or liability of the assignor;

6. All property of the assignor at the date of the assignment,

which is exempt by law from execution; and

7. All the assignor's property at the date of the assignment

both real and personal, of every kind not so exempt, and the

encumbrances existing thereon, and all vouchers and securities

relating thereto, and the value of such property according to the

best knowledge of the assignor.

R.L. 1910, § 221.

Source: official Oklahoma text · Last verified 2026-08-27

Frequently Asked Questions About Oklahoma § 24-38

What does Oklahoma Statutes § 24-38 cover?

Section 24-38 ("Inventory, necessity and requisites of") 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 § 24-38?

A common citation format is "Oklahoma Statutes § 24-38" (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 § 24-38 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.