This act shall be known and may be cited as the "Structured Settlement Protection Act of 2001".
§ 3238.Short Title
Chapter 41A: Structured Settlement Protection Act of 2001 · Not amended since adoption on record · Last verified August 3, 2026
In one sentenceGives this part of the chapter its short title, the "Structured Settlement Protection Act of 2001," so courts, lawyers, and payees have one name for Oklahoma's rules governing the sale of future structured-settlement payments.
Full Text of § 3238
Amendment History
Added by Laws 2001, SB 545, c. 70, §1, eff. 11/1/2001.
Plain-English Summary
Section 3238 does one job: it names the law. Everything that follows in this chapter -- the definitions, the disclosure rules, the court-approval requirements -- falls under the title "Structured Settlement Protection Act of 2001." When a rule, a court order, or a disclosure form refers to "this act," it means the sections gathered here.
Frequently Asked Questions
What is the "Structured Settlement Protection Act of 2001"?
It's the short title Oklahoma law gives to the group of statutes in this chapter that require court approval before someone can sell their future structured-settlement payments to a factoring company.
Where do I find the Structured Settlement Protection Act in the Oklahoma Statutes?
It runs through Title 12, Sections 3238 through 3245, covering definitions, disclosure requirements, and the court-approval process for transferring structured-settlement payment rights.
When did this law take effect?
The act became effective November 1, 2001.
Does this short title change what the law requires?
No. Section 3238 only assigns the name; the substantive requirements -- disclosure, court approval, and the rest -- appear in the sections that follow.
Source & verification. Section text is reproduced verbatim from
Title 12 of the Oklahoma Statutes, enacted by the Oklahoma Legislature.
Last verified August 3, 2026.
· Official source
Also known as: structured settlement protection act of 2001 oklahoma12 O.S. § 3238oklahoma structured settlement law short titleOK title 12 chapter 41a