Oklahoma § 42-152 - Proceeds of building or remodeling contracts, mortgages or
Full text of Oklahoma Oklahoma Statutes § 42-152 — Proceeds of building or remodeling contracts, mortgages or, with citation guidance and answers to common questions.
§ 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.
Laws 1965, c. 58, § 1; Laws 1968, c. 174, § 1, emerg. eff. April 15,
1968.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 42-152
What does Oklahoma Statutes § 42-152 cover?
Section 42-152 ("Proceeds of building or remodeling contracts, mortgages or") 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 § 42-152?
A common citation format is "Oklahoma Statutes § 42-152" (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 § 42-152 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.