Oklahoma § 6-2123 - Proceeds of sales of checks by agents - Exemption from
Full text of Oklahoma Oklahoma Statutes § 6-2123 — Proceeds of sales of checks by agents - Exemption from, with citation guidance and answers to common questions.
§ 6-2123. Proceeds of sales of checks by agents - Exemption from
attachment, levy of execution, or sequestration - Assignment to
Commissioner.
(a) All funds collected or received from the sale of checks by
an agent shall be impressed with a trust in favor of such licensee
in an amount equal to the amount of the proceeds due the licensee
and shall not be commingled with other funds of the agent.
(b) No proceeds received by any agent or agents of a licensee
from the sale of any check issued by such licensee, while held by
the agent, nor any property impressed with a trust pursuant to this
section shall be subject to attachment, levy of execution, or
sequestration by order of any court, except for the benefit of the
licensee. In the event that a licensee's license is revoked by the
Commissioner, all sales proceeds then held in trust by agents of the
licensee shall be deemed to have been assigned to the Commissioner.
Added by Laws 1988, c. 216, § 13, eff. Nov. 1, 1988.
Oklahoma Statutes - Title 6. Banks and Trust Companies
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 6-2123
What does Oklahoma Statutes § 6-2123 cover?
Section 6-2123 ("Proceeds of sales of checks by agents - Exemption from") 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 § 6-2123?
A common citation format is "Oklahoma Statutes § 6-2123" (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 § 6-2123 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.