Okla. Stat. » Title 24 — DEBTOR AND CREDITOR
Oklahoma Statutes

Okla. Stat. tit. 24, § 113 (2026)

Definitions

✓ current as of July 2026
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As used in the Uniform Fraudulent Transfer Act: 1. "Affiliate" means: a. a person who directly or indirectly owns, controls or holds with power to vote, twenty percent (20%) or more of the outstanding voting securities of the debtor, other than a person who holds the securities: (1) as a fiduciary or agent without sole discretionary power to vote the securities, or (2) solely to secure a debt, if the person has not exercised the power to vote; b. a corporation, twenty percent (20%) or more of whose outstanding voting securities are directly or indirectly owned, controlled or held with power to vote, by the debtor or a person who directly or indirectly owns, controls or holds, with power to vote, twenty percent (20%) or more of the outstanding voting securities of the debtor, other than a person who holds the securities: (1) as a fiduciary or agent without sole power to vote the securities, or (2) solely to secure a debt, if the person has not in fact exercised the power to vote; c. a person whose business is operated by the debtor under a lease or other agreement, or a person substantially all of whose assets are controlled by the debtor; or d. a person who operates the debtor's business under a lease or other agreement or controls substantially all of the debtor's assets. 2. "Asset" means property of a debtor, but the term does not include: a. property to the extent it is encumbered by a valid lien; or b. property to the extent it is generally exempt under nonbankruptcy law; or c. an interest in property held in tenancy by the entireties to the extent it is not subject to process by a creditor holding a claim against only one tenant. 3. "Claim" means a right to payment, whether or not the right is reduced to judgment, liquidated, unliquidated, fixed, contingent,

matured, unmatured, disputed, undisputed, legal, equitable, secured or unsecured. 4. "Creditor" means a person who has a claim. 5. "Debt" means liability on a claim. 6. "Debtor" means a person who is liable on a claim. 7. "Insider" includes: a. if the debtor is an individual: (1) a relative of the debtor or of a general partner of the debtor, or (2) a partnership in which the debtor is a general partner, or (3) a general partner in a partnership described in division (2) of this subparagraph, or (4) a corporation of which the debtor is a director, officer or person in control; b. if the debtor is a corporation: (1) a director of the debtor, or (2) an officer of the debtor, or (3) a person in control of the debtor, or (4) a partnership in which the debtor is a general partner, or (5) a general partner in a partnership described in division (4) of this subparagraph, or (6) a relative of a general partner, director, officer, or person in control of the debtor; c. if the debtor is a partnership: (1) a general partner in the debtor, or (2) a relative of a general partner in, a general partner of, or a person in control of the debtor, or (3) another partnership in which the debtor is a general partner, or (4) a general partner in a partnership described in division (3) of this subparagraph, or (5) a person in control of the debtor; d. an affiliate, or an insider of an affiliate as if the affiliate were the debtor; and e. a managing agent of the debtor. 8. "Lien" means a charge against or an interest in property to secure payment of a debt or performance of an obligation, and includes a security interest created by agreement, a judicial lien obtained by legal or equitable process or proceedings, a common-law lien or a statutory lien. 9. "Person" means an individual, partnership, corporation, association, organization, government or governmental subdivision or agency, business trust, estate, trust, or any other legal or commercial entity.

10. "Property" means anything that may be the subject of ownership. 11. "Relative" means an individual related by consanguinity within the third degree as determined by the common law, a spouse, or an individual related to a spouse within the third degree as so determined, and includes an individual in an adoptive relationship within the third degree. 12. "Transfer" means every mode, direct or indirect, absolute or conditional, voluntary or involuntary, of disposing of or parting with an asset or an interest in an asset, and includes payment of money, release, lease, and creation of a lien or other encumbrance. 13. "Valid lien" means a lien that is effective against the holder of a judicial lien subsequently obtained by legal or equitable process or proceedings. Added by Laws 1986, c. 100, § 2, eff. Nov. 1, 1986.

Notes of Decisions
Cited in 10 cases (1 in the last 5 years), 1994–2021 · leading case: Tronox Inc. v. Kerr McGee Corp. (In re Tronox Inc.), 503 B.R. 239 (Bankr. S.D.N.Y. 2013).
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Tronox Inc. v. Kerr McGee Corp. (In re Tronox Inc.), 503 B.R. 239 (Bankr. S.D.N.Y. 2013). · cites it 3× “” Okla. Stat. tit. 24, § 113 (5), (8). Cases under the Federal Bankruptcy Code are frequently used in the construction of parallel UFTA provisions, and it is relevant that the Bankruptcy Code definition of “insolvency” is almost identical to that of the UFTA.”
Bank of the Wichitas v. Ledford, 2006 OK 73 (Okla. 2006). · cites it 2× “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.”
Burrows v. Burrows, 886 P.2d 984 (Okla. 1994). · cites it 2× “Title 24 O.S.1991 § 113, see note 10, infra, defines an asset as property of a debtor, but excludes property to the extent it is generally exempt under non-bankruptcy law.”
Sharp Ex Rel. Com. Fin. Servs., Inc. v. Chase Manhattan Bank USA, N.A. (In Re Com. Fin. Servs., Inc.), 350 B.R. 520 (Bankr. N.D. Okla 2005). · cites it 2× “§ 101 (5)(A); 24 O.S. § 113(3). Under these definitions, a right to payment under an enforceable contract is a debt, even if it is “unliquidated,” “contingent,” “unma-tured,” and/or “disputed.”
Tronox Inc. v. Anadarko Petroleum Corp. (In Re Tronox Inc.), 429 B.R. 73 (Bankr. S.D.N.Y. 2010). “” Okla. Stat. tit. 24, § 113 . Mills concerned a relatively simple situation where a series of similar transfers were made seriatim.”
Expert South Tulsa, LLC v. Cornerstone Creek Partners, LLC (In re Expert South Tulsa, LLC), 534 B.R. 400 (10th Cir. BAP 2015). · cites it 2× “” Okla. Stat. Ann. tit. 24, § 113 (2)(a) (1986).”
Oklahoma Dep't of Sec. Ex Rel. Faught v. Seabrooke Investments, LLC, 2017 OK CIV APP 42 (Okla. Civ. App. 2017). “This Court notes the definition of "insider” in the Oklahoma Uniform Fraudulent Transfer Act, 24 O.S.2011 § 113(7). 7. "Insider” includes: a.”
Oklahoma Dept. of Sec. Ex Rel. Faught v. Seabrooke Investments, LLC, 2017 OK CIV APP 42 (Okla. Civ. App. 2017). “This Court notes the definition of "insider" in the Oklahoma Uniform Fraudulent Transfer Act, 24 O.S.2011 § 113(7). 7. "Insider" includes: a.”
Floyd v. BP p.l.c. (N.D. Okla. 2021). · cites it 2× “” Okla. Stat. tit. 24, §§ 113 (4), (5). “‘Claim’ means a right to payment, whether or not the right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured or unsecured.”
E.H. Hawes Revocable Trust v. United States Bankr. Court for the Dist. of Kansas - Kansas City (10th Cir. BAP 2015). · cites it 2× “” Okla. Stat. Ann. tit. 24, § 113 (2)(a) (1986).”
— Okla. Stat. tit. 24, § 113(3) — 3 cases
Tronox Inc. v. Kerr McGee Corp. (In re Tronox Inc.), 503 B.R. 239 (Bankr. S.D.N.Y. 2013). “” Okla. Stat. tit. 24, § 113 (5), (8). Cases under the Federal Bankruptcy Code are frequently used in the construction of parallel UFTA provisions, and it is relevant that the Bankruptcy Code definition of “insolvency” is almost identical to that of the UFTA.”
Bank of the Wichitas v. Ledford, 2006 OK 73 (Okla. 2006). “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.”
Sharp Ex Rel. Com. Fin. Servs., Inc. v. Chase Manhattan Bank USA, N.A. (In Re Com. Fin. Servs., Inc.), 350 B.R. 520 (Bankr. N.D. Okla 2005). “§ 101 (5)(A); 24 O.S. § 113(3). Under these definitions, a right to payment under an enforceable contract is a debt, even if it is “unliquidated,” “contingent,” “unma-tured,” and/or “disputed.”
— Okla. Stat. tit. 24, § 113(4) — 1 case
Bank of the Wichitas v. Ledford, 2006 OK 73 (Okla. 2006). “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.”
— Okla. Stat. tit. 24, § 113(5) — 1 case
Sharp Ex Rel. Com. Fin. Servs., Inc. v. Chase Manhattan Bank USA, N.A. (In Re Com. Fin. Servs., Inc.), 350 B.R. 520 (Bankr. N.D. Okla 2005). “§ 101 (5)(A); 24 O.S. § 113(3). Under these definitions, a right to payment under an enforceable contract is a debt, even if it is “unliquidated,” “contingent,” “unma-tured,” and/or “disputed.”
— Okla. Stat. tit. 24, § 113(7) — 2 cases
Oklahoma Dep't of Sec. Ex Rel. Faught v. Seabrooke Investments, LLC, 2017 OK CIV APP 42 (Okla. Civ. App. 2017). “This Court notes the definition of "insider” in the Oklahoma Uniform Fraudulent Transfer Act, 24 O.S.2011 § 113(7). 7. "Insider” includes: a.”
Oklahoma Dept. of Sec. Ex Rel. Faught v. Seabrooke Investments, LLC, 2017 OK CIV APP 42 (Okla. Civ. App. 2017). “This Court notes the definition of "insider" in the Oklahoma Uniform Fraudulent Transfer Act, 24 O.S.2011 § 113(7). 7. "Insider" includes: a.”
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