Oklahoma § 60-1313 - Qualified disposition — Time deemed to have been made —
Full text of Oklahoma Oklahoma Statutes § 60-1313 — Qualified disposition — Time deemed to have been made —, with citation guidance and answers to common questions.
§ 60-1313. Qualified disposition — Time deemed to have been made —
Property transferred to spendthrift trust for purpose of obtaining
loan secured by mortgage or deed of trust — Enforceability.
A qualified disposition that is made by means of a disposition
by a transferor who is a trustee is deemed to have been made as of
the time, whether before, on, or after the effective date of this
act, the property that is the subject of the qualified disposition
was originally transferred to the transferor, or any predecessor
trustee, making the qualified disposition in a form that meets the
requirements of paragraphs 2 and 3 of subsection A of Section 21 of
this act. Further, the provisions of this section shall apply to
determine the date the transfer is deemed to have been made,
notwithstanding that the original transfer was to a trust originally
within or outside of the jurisdiction of Oklahoma.
If property transferred to a spendthrift trust is conveyed to
the settlor or to a beneficiary for the purpose of obtaining a loan
secured by a mortgage or deed of trust on the property and then
reconveyed to the trust within one hundred eighty (180) days of
recording the mortgage or deed of trust, the transfer is disregarded
and the reconveyance relates back to the date the property was
originally transferred to the trust. The mortgage or deed of trust
on the property is enforceable against the trust.
Added by Laws 2024, c. 369, § 31, eff. Nov. 1, 2024.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 60-1313
What does Oklahoma Statutes § 60-1313 cover?
Section 60-1313 ("Qualified disposition — Time deemed to have been made —") 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 § 60-1313?
A common citation format is "Oklahoma Statutes § 60-1313" (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 § 60-1313 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.