Okla. Stat. tit. 12, § 12-775
This is the official text of Okla. Stat. tit. 12, § 12-775, part of Oklahoma’s Stat. tit. 12, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12,." Browse the sections below, each linked to its official government source.
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Execution on judgment in favor of state - Purchase by
Official statutory text
state - Resale - Disposition of funds received.
In all civil actions wherein the State of Oklahoma, as
plaintiff, has heretofore or may hereafter recover judgment, and
where, in any such action an execution has or may be issued, the
State of Oklahoma, through the officer or officers on whose relation
the action was brought, may bid at such execution sale, and buy said
property offered for sale, for any amount not to exceed the amount
of the judgment in such action, said amount to be credited upon the
judgment.
And further, when such property offered for sale at execution is
bought by the State of Oklahoma, said property may be sold for the
state by the officer or officers upon whose relation the state was
party plaintiff, and further provided that at such execution sales
the attorney or attorneys representing the State of Oklahoma may bid
for the state, not to exceed the amount of the judgment, provided,
however, that said bid is not more than One Hundred Dollars
($100.00) higher than the next best bid, and if there be no other
bidder, then not to exceed One Hundred Dollars ($100.00).
And further provided that in disposing of such property so
acquired, if it be personal property the officer or successor of the
officer upon whose relation the State of Oklahoma was plaintiff may
sell said property by executing a good and sufficient bill of sale,
to be attested by the Secretary of State. And in disposing of real
property so acquired or any interest or equity therein, the officer
or successor in office on whose relation the state was party
plaintiff may execute in the name of the State of Oklahoma by said
officer a good and sufficient deed, to be attested by the Secretary
of the State of Oklahoma. Provided, however, that in no event shall
any sale be valid under this act for any amount less than the amount
for which said property was originally bid in by the state. The
funds obtained upon the sale of any such property shall be placed in
the fund for which the judgment was obtained.
In all civil actions wherein the State of Oklahoma, as
plaintiff, has heretofore or may hereafter recover judgment, and
where, in any such action an execution has or may be issued, the
State of Oklahoma, through the officer or officers on whose relation
the action was brought, may bid at such execution sale, and buy said
property offered for sale, for any amount not to exceed the amount
of the judgment in such action, said amount to be credited upon the
judgment.
And further, when such property offered for sale at execution is
bought by the State of Oklahoma, said property may be sold for the
state by the officer or officers upon whose relation the state was
party plaintiff, and further provided that at such execution sales
the attorney or attorneys representing the State of Oklahoma may bid
for the state, not to exceed the amount of the judgment, provided,
however, that said bid is not more than One Hundred Dollars
($100.00) higher than the next best bid, and if there be no other
bidder, then not to exceed One Hundred Dollars ($100.00).
And further provided that in disposing of such property so
acquired, if it be personal property the officer or successor of the
officer upon whose relation the State of Oklahoma was plaintiff may
sell said property by executing a good and sufficient bill of sale,
to be attested by the Secretary of State. And in disposing of real
property so acquired or any interest or equity therein, the officer
or successor in office on whose relation the state was party
plaintiff may execute in the name of the State of Oklahoma by said
officer a good and sufficient deed, to be attested by the Secretary
of the State of Oklahoma. Provided, however, that in no event shall
any sale be valid under this act for any amount less than the amount
for which said property was originally bid in by the state. The
funds obtained upon the sale of any such property shall be placed in
the fund for which the judgment was obtained.
Status: in_force · Read it on the official government site
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