Okla. Stat. tit. 2, § 2-2-12
This is the official text of Okla. Stat. tit. 2, § 2-2-12, part of Oklahoma’s Stat. tit. 2, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 2,." Browse the sections below, each linked to its official government source.
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Unpaid checks - Uncollectable debts
Official statutory text
A. For accounting purposes only, when any check has been
received by the State Board of Agriculture, or the State Department
of Agriculture, Food, and Forestry, and has remained unpaid for a
period of more than five (5) years, and the Board determines that
the check cannot be collected, the amount of the check shall not be
included or carried as an asset of the Board or any of its funds.
B. If all appropriate collection remedies have been exhausted
in the collection of any debt owed to the Department, the debt shall
be considered uncollectable. A list of all uncollectable debts and
persons who owed the debts, shall be reported to the Oklahoma
Legislature, the Office of Management and Enterprise Services, and
the Oklahoma Tax Commission no later than May 1 of each calendar
year.
received by the State Board of Agriculture, or the State Department
of Agriculture, Food, and Forestry, and has remained unpaid for a
period of more than five (5) years, and the Board determines that
the check cannot be collected, the amount of the check shall not be
included or carried as an asset of the Board or any of its funds.
B. If all appropriate collection remedies have been exhausted
in the collection of any debt owed to the Department, the debt shall
be considered uncollectable. A list of all uncollectable debts and
persons who owed the debts, shall be reported to the Oklahoma
Legislature, the Office of Management and Enterprise Services, and
the Oklahoma Tax Commission no later than May 1 of each calendar
year.
Status: in_force · Read it on the official government site
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