Oklahoma Statutes
Okla. Stat. tit. 24, § 1 (2026)
Debtor defined
✓ current as of July 2026
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A debtor, within the meaning of this chapter, is one who, by reason of an existing obligation, is, or may become, liable to pay money to another, whether such liability is certain or contingent. R.L. 1910, § 2892.
Notes of Decisions
Cited in 5
cases, 1976–2013 · leading case: Tronox Inc. v. Kerr McGee Corp. (In re Tronox Inc.), 503 B.R. 239 (Bankr. S.D.N.Y. 2013).
Tronox Inc. v. Kerr McGee Corp. (In re Tronox Inc.), 503 B.R. 239 (Bankr. S.D.N.Y. 2013). “” Okla. Stat. tit. 24, § 1 16(A)(2)(a). As Plaintiffs contend, cases under the UFTA define “unreasonably small capitalization” as “a general inability to generate enough cash flow to sustain operations.”
In Re the Assessment of Pers. Prop. Taxes Against Missouri Gas Energy, 2008 OK 94 (Okla. 2008). “every one who owes to another the performance of an obligation is called a debtor, and one to whom he owes it is called a creditor." The debtor/creditor status is further defined in 24 O.”
Bank of the Wichitas v. Ledford, 2006 OK 73 (Okla. 2006). “2001 § 8 state: "Except as defined and used in Sections 2892 and 2893 [24 O.S.2001 §§ 1 and 2], every one who owes to another the performance of an obligation is called a debtor, and one to whom he owes it is called a creditor.”
Resolution Trust Corp. v. Greer, 911 P.2d 257 (Okla. 1995). “The debtor/creditor status is further defined in 24 O.S.1991 § 1, whose terms define a debtor as: ".”
McFarling v. Demco, Inc., 546 P.2d 625 (Okla. 1976). “” 24 O.S.1971 § 1. A creditor “is one in whose favor an obligation exists, by reason of which he is, or may become, entitled to the payment of money.”
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