Okla. Stat. tit. 19, § 19-33
This is the official text of Okla. Stat. tit. 19, § 19-33, part of Oklahoma’s Stat. tit. 19, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 19,." Browse the sections below, each linked to its official government source.
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Division of assets and liabilities
Official statutory text
Upon the transfer of territory from a county to a new county or
an existing county, said new county to which said territory is
transferred shall be entitled to such proportionate part of the net
assets of the county from which said territory is taken as the
taxable wealth of the territory so transferred bears to the taxable
wealth of the county from which said territory is taken, but if, as
shown by the current tax rolls, the liabilities of the county from
which said territory is taken shall exceed its resources at the time
of the transfer, the county to which said transfer is made shall pay
to said county that proportionate part of said excess as the taxable
wealth of the territory received bears to the taxable wealth of said
county.
R.L. 1910, § 1509.
an existing county, said new county to which said territory is
transferred shall be entitled to such proportionate part of the net
assets of the county from which said territory is taken as the
taxable wealth of the territory so transferred bears to the taxable
wealth of the county from which said territory is taken, but if, as
shown by the current tax rolls, the liabilities of the county from
which said territory is taken shall exceed its resources at the time
of the transfer, the county to which said transfer is made shall pay
to said county that proportionate part of said excess as the taxable
wealth of the territory received bears to the taxable wealth of said
county.
R.L. 1910, § 1509.
Status: in_force · Read it on the official government site
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