Okla. Stat. tit. 11, § 11-40-115
This is the official text of Okla. Stat. tit. 11, § 11-40-115, part of Oklahoma’s Stat. tit. 11, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 11,." Browse the sections below, each linked to its official government source.
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Eminent domain - Lien foreclosure
Official statutory text
A. A redevelopment trust shall have the right to acquire by the
exercise of the power of eminent domain any real property in fee
simple or other estate which is necessary to accomplish the purposes
of this act, when so approved by the governing body.
Oklahoma Statutes - Title 11. Cities and Towns Page 453
B. A redevelopment trust may exercise the power of eminent
domain in the manner provided in Sections 9 through 14 of Title 27
of the Oklahoma Statutes; or it may exercise the power of eminent
domain in the manner provided by any other applicable statutory
provision for the exercise of the power of eminent domain. Property
already devoted to a public use may be acquired in like manner,
provided that no real property belonging to any city, county, public
trust or the state or any political subdivision thereof may be
acquired without its consent.
C. In the event of the sale or other disposition of real
property of any redevelopment trust by reason of the foreclosure of
any mortgage or other lien, through insolvency or bankruptcy
proceedings, by order of any court of competent jurisdiction, by
voluntary transfer or otherwise, the purchaser of such real property
of such redevelopment trust shall continue to use, operate and
maintain such real property in accordance with the provisions of any
project plan.
exercise of the power of eminent domain any real property in fee
simple or other estate which is necessary to accomplish the purposes
of this act, when so approved by the governing body.
Oklahoma Statutes - Title 11. Cities and Towns Page 453
B. A redevelopment trust may exercise the power of eminent
domain in the manner provided in Sections 9 through 14 of Title 27
of the Oklahoma Statutes; or it may exercise the power of eminent
domain in the manner provided by any other applicable statutory
provision for the exercise of the power of eminent domain. Property
already devoted to a public use may be acquired in like manner,
provided that no real property belonging to any city, county, public
trust or the state or any political subdivision thereof may be
acquired without its consent.
C. In the event of the sale or other disposition of real
property of any redevelopment trust by reason of the foreclosure of
any mortgage or other lien, through insolvency or bankruptcy
proceedings, by order of any court of competent jurisdiction, by
voluntary transfer or otherwise, the purchaser of such real property
of such redevelopment trust shall continue to use, operate and
maintain such real property in accordance with the provisions of any
project plan.
Status: in_force · Read it on the official government site
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