Oklahoma § 24-34 - Assignments void in certain cases
Full text of Oklahoma Oklahoma Statutes § 24-34 — Assignments void in certain cases, with citation guidance and answers to common questions.
§ 24-34. Assignments void in certain cases
An assignment for the benefit of creditors is void against any
creditor of the assignor not assenting thereto, in the following
cases:
1. If it tend to coerce any creditor to release or compromise
his demand.
2. If it provide for the payment of any claim known to the
assignor to be false or fraudulent; or for the payment of more upon
any claim than is known to be justly due from the assignor.
3. If it reserve any interest in the assigned property, or in
any part thereof, to the assignor, or for his benefit, before all
his existing debts are paid, other than property exempt by law from
execution.
4. If it confer upon the assignee any power which, if
exercised, might prevent or delay the immediate conversion of the
assigned property to the purposes of the trust.
5. If it exempt him from liability for neglect of duty or
misconduct.
R.L. 1910, § 217.
Oklahoma Statutes - Title 24. Debtor and Creditor
Frequently Asked Questions About Oklahoma § 24-34
What does Oklahoma Statutes § 24-34 cover?
Section 24-34 ("Assignments void in certain cases") 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 § 24-34?
A common citation format is "Oklahoma Statutes § 24-34" (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 § 24-34 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.