Oklahoma § 21-1834.1 - Sale of secured personal property - Debtor as trustee
Full text of Oklahoma Oklahoma Statutes § 21-1834.1 — Sale of secured personal property - Debtor as trustee, with citation guidance and answers to common questions.
§ 21-1834.1. Sale of secured personal property - Debtor as trustee
of funds received.
Every debtor owning personal property in this state in which a
creditor has a security interest who, with the consent of the
secured party or his assignee, shall sell such collateral, or any
part thereof, while the security agreement remains in force and
unsatisfied, shall be deemed and conclusively held to be the trustee
of the funds received upon the sale thereof, for the benefit of such
secured party, or assignee, to the extent of the indebtedness
secured thereby or any balance due thereof.
Laws 1967, c. 155, § 1, emerg. eff. May 1, 1967.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 21-1834.1
What does Oklahoma Statutes § 21-1834.1 cover?
Section 21-1834.1 ("Sale of secured personal property - Debtor as trustee") 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 § 21-1834.1?
A common citation format is "Oklahoma Statutes § 21-1834.1" (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 § 21-1834.1 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.