Okla. Stat. tit. 11, § 11-7-103
This is the official text of Okla. Stat. tit. 11, § 11-7-103, 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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Disposition of property - Payment of debts and
Official statutory text
liabilities - Contract rights.
The property belonging to the dissolved municipality shall be
used first to pay its debts and liabilities, and then disposed of in
the manner as a majority of the registered voters of the
municipality shall direct in a special election on the question of
disposition of property. No dissolution of an incorporated
municipality shall impair the rights of any person in any contract
or agreement to which the municipality is a party.
The property belonging to the dissolved municipality shall be
used first to pay its debts and liabilities, and then disposed of in
the manner as a majority of the registered voters of the
municipality shall direct in a special election on the question of
disposition of property. No dissolution of an incorporated
municipality shall impair the rights of any person in any contract
or agreement to which the municipality is a party.
Status: in_force · Read it on the official government site
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