STATE OF OKLAHOMA

1st Session of the 53rd Legislature (2011)

SENATE BILL 512	By:	Eason McIntyre

AS INTRODUCED

An Act relating to garnishment; authorizing withdrawal of certain funds; providing for codification; and providing an effective date.

BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1.     NEW LAW     A new section of law to be codified in the Oklahoma Statutes as Section 1172.3 of Title 12, unless there is created a duplication in numbering, reads as follows:
Up to Two Thousand Five Hundred Dollars ($2,500.00) of statutorily exempt funds deposited into an account of a judgment debtor in the thirty (30) days preceding the date of execution or demand for payment by a judgment creditor shall be available for withdrawal by the judgment debtor.
SECTION 2.  This act shall become effective November 1, 2011.

53-1-1160	TEK	1/19/2011 10:13:57 AM