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February 2025 OBA Legal Briefs – Oklahoma Bankers Association

Summary by oba.com

• Settlement funds payable to minor – Title 12 O.S. § 83 • It’s tax re(fun)d time Settlement funds payable to minors by Scott Thompson Would your bank open up an account solely in the name of a two-year old? I’m guessing probably not. It’s that issue that derailed a statute regarding minor settlements. In 2022, Oklahoma enacted the “Oklahoma Statutory Thresholds for Settlements Involving Minors Act of 2022,” codified as 12 O.S. §§ 86 and 86.1. T…

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February 2025 OBA Legal Briefs – Oklahoma Bankers Association

• Settlement funds payable to minor – Title 12 O.S. § 83 • It’s tax re(fun)d time Settlement funds payable to minors by Scott Thompson Would your bank open up an account solely in the name of a two-year old? I’m guessing probably not. It’s that issue that derailed a statute regarding minor settlements. In 2022, Oklahoma enacted the “Oklahoma Statutory Thresholds for Settlements Involving Minors Act of 2022,” codified as 12 O.S. §§ 86 and 86.1. T…

4 days ago·Oklahoma City, United States

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oba.com broke the news in Oklahoma City, United States 4 days ago on Tuesday, February 18, 2025.

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