Okla. Stat. tit. 19, § 19-629

Determination of status - Liquidation from penalty and interest on

delinquent taxes.

Upon presentation by the county treasurer to the county

commissioners, either for purpose of accounting or settlement as by

law required, or otherwise, of statements of account and balance

sheets in which is disclosed an item or items of assets that amount

to fiction, represented by bank accounts or securities that, because

of bank failure, robbery, theft, embezzlement, or otherwise, are

nonexistent, worthless, or unenforceable, then the county

commissioners, judge of the district court and district attorney are

hereby authorized, by quasi-judicial proceedings, the judge of the

district court presiding, to make a determination of the status of

such item or items of assets; and upon first finding that such item

or items have been carried on the treasurer's accounts fifteen (15)

years or more without realization or abatement, they shall then

proceed to further determination for purpose of correcting said

accounts to procure a liquid condition. If, after first finding

said fifteen (15) years to have fully run, they find such

fictitious, nonexistent, or worthless and unenforceable asset to be

not identifiable as an asset of a corresponding fund liability

account, they shall so state, and thereupon, by decree and order

direct that the county treasurer henceforth apply and determine

percentage, not exceeding twenty-five percent (25%) of the penalty

and interest on delinquent taxes, as collected by him, that would

otherwise be apportioned to the county under the statute, to the

liquidation of such fictitious, nonexistent, or worthless asset, and

to so continue until such account is closed by such liquidation.