Oklahoma § 42-209
Full text of Oklahoma Oklahoma Statutes § 42-209, with citation guidance and answers to common questions.
§ 42-209.
Lien on escrow account.
Oklahoma Statutes - Title 42. Liens
Except as otherwise provided in this section, whenever a claim
for lien has been filed with the county clerk, and an escrow account
has been established either from the proceeds from the transaction
or any other source of funds in an amount equal to one hundred
twenty-five percent (125%) of the amount of the claim for lien, then
the lien against the commercial real estate shall be extinguished
and become a lien on the funds contained in the escrow account. The
establishment of an escrow account, as provided for in this section,
shall not be cause for any party to refuse to close the transaction.
Added by Laws 2006, c. 166, § 9, eff. Nov. 1, 2006.
Oklahoma Statutes - Title 42. Liens
Frequently Asked Questions About Oklahoma § 42-209
What does Oklahoma Statutes § 42-209 cover?
Section 42-209 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 § 42-209?
A common citation format is "Oklahoma Statutes § 42-209" (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 § 42-209 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.