Oklahoma § 60-1314 - Creditors' rights to qualified disposition — Personal
Full text of Oklahoma Oklahoma Statutes § 60-1314 — Creditors' rights to qualified disposition — Personal, with citation guidance and answers to common questions.
§ 60-1314. Creditors' rights to qualified disposition — Personal
liability of qualified person.
Notwithstanding any law to the contrary, a creditor, including a
creditor whose claim arose before or after a qualified disposition,
or any other person has only such rights with respect to a qualified
disposition as are provided in Sections 29 through 36 of this act,
and no such creditor nor any other person has any claim or cause of
action against the trustee or advisor, described in Section 24 of
this act, of a trust that is the subject of a qualified disposition,
or against any person involved in the counseling, drafting,
preparation, execution, or funding of a trust that is the subject of
a qualified disposition. In addition to the provisions of Section
Oklahoma Statutes - Title 60. Property
37 of this act, at no time is a qualified person personally liable
to a creditor of a transferor or any other person for distributions
made by the qualified person, before the creditor or person notified
the qualified person, in writing, that a claim or cause of action
existed. This applies regardless of whether the distributions are
made to or for the benefit of the transferor or a beneficiary during
the period in which a creditor or other person could make a claim as
provided in Section 30 of this act.
Added by Laws 2024, c. 369, § 32, eff. Nov. 1, 2024.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 60-1314
What does Oklahoma Statutes § 60-1314 cover?
Section 60-1314 ("Creditors' rights to qualified disposition — Personal") 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 § 60-1314?
A common citation format is "Oklahoma Statutes § 60-1314" (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 § 60-1314 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.