Oklahoma § 24-117 - Transfer fraudulent to creditor whose claim arose before
Full text of Oklahoma Oklahoma Statutes § 24-117 — Transfer fraudulent to creditor whose claim arose before, with citation guidance and answers to common questions.
§ 24-117. Transfer fraudulent to creditor whose claim arose before
transfer made or obligation incurred.
A. A transfer made or obligation incurred by a debtor is
fraudulent as to a creditor whose claim arose before the transfer
was made or the obligation was incurred if the debtor made the
transfer or incurred the obligation without receiving a reasonably
equivalent value in exchange for the transfer or obligation and the
debtor was insolvent at that time or the debtor became insolvent as
a result of the transfer or obligation.
B. A transfer made by a debtor is fraudulent as to a creditor
whose claim arose before the transfer was made if the transfer was
made to an insider for an antecedent debt, the debtor was insolvent
at that time, and the insider had reasonable cause to believe that
the debtor was insolvent.
Added by Laws 1986, c. 100, § 6, eff. Nov. 1, 1986.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 24-117
What does Oklahoma Statutes § 24-117 cover?
Section 24-117 ("Transfer fraudulent to creditor whose claim arose before") 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 § 24-117?
A common citation format is "Oklahoma Statutes § 24-117" (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 § 24-117 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.