Okla. Stat. tit. 18, § 18-1112
This is the official text of Okla. Stat. tit. 18, § 18-1112, part of Oklahoma’s Stat. tit. 18, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 18,." Browse the sections below, each linked to its official government source.
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Sale of Perishable or Deteriorating Property
Official statutory text
SALE OF PERISHABLE OR DETERIORATING PROPERTY
Whenever the property of a corporation is at the time of the
appointment of a receiver or trustee encumbered with liens of any
character, and the validity, extent or legality of any lien is
disputed or brought in question, and the property of the corporation
is of a character which will deteriorate in value pending the
litigation respecting the lien, the district court may order the
receiver or trustee to sell the property of the corporation, clear
of all encumbrances, at public or private sale, for the best price
that can be obtained therefor, and pay the net proceeds arising from
the sale thereof after deducting the costs of the sale into the
district court, there to remain subject to the order of the district
court, and to be disposed of as the district court shall direct.
Whenever the property of a corporation is at the time of the
appointment of a receiver or trustee encumbered with liens of any
character, and the validity, extent or legality of any lien is
disputed or brought in question, and the property of the corporation
is of a character which will deteriorate in value pending the
litigation respecting the lien, the district court may order the
receiver or trustee to sell the property of the corporation, clear
of all encumbrances, at public or private sale, for the best price
that can be obtained therefor, and pay the net proceeds arising from
the sale thereof after deducting the costs of the sale into the
district court, there to remain subject to the order of the district
court, and to be disposed of as the district court shall direct.
Status: in_force · Read it on the official government site
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