Okla. Stat. tit. 30, § 30-4-753
This is the official text of Okla. Stat. tit. 30, § 30-4-753, part of Oklahoma’s Stat. tit. 30, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 30,." Browse the sections below, each linked to its official government source.
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Proceeds of sale - Investment - Maintenance of ward and
Official statutory text
family.
If the property is sold for the purposes mentioned in Sections
4-751 and 4-752 of this title, the guardian must apply the proceeds
of the sale to such purposes, as far as necessary, and put out the
residue, if any, on interest, or invest it in the best manner in his
power as provided in the Oklahoma Guardianship and Conservatorship
Act, until the capital is needed for the maintenance of the ward and
his family, or the education of his children, or for the education
of the ward when a minor, in which case the capital may be used for
that purpose, as far as may be necessary, in like manner as if it
had been personal estate of the ward.
R.L. 1910, § 6555. Amended by Laws 1988, c. 329, § 101, eff. Dec.
1, 1988. Renumbered from Title 58, § 823 by Laws 1988, c. 329, §
134, eff. Dec. 1, 1988. Amended by Laws 1990, c. 323, § 68,
operative July 1, 1990.
If the property is sold for the purposes mentioned in Sections
4-751 and 4-752 of this title, the guardian must apply the proceeds
of the sale to such purposes, as far as necessary, and put out the
residue, if any, on interest, or invest it in the best manner in his
power as provided in the Oklahoma Guardianship and Conservatorship
Act, until the capital is needed for the maintenance of the ward and
his family, or the education of his children, or for the education
of the ward when a minor, in which case the capital may be used for
that purpose, as far as may be necessary, in like manner as if it
had been personal estate of the ward.
R.L. 1910, § 6555. Amended by Laws 1988, c. 329, § 101, eff. Dec.
1, 1988. Renumbered from Title 58, § 823 by Laws 1988, c. 329, §
134, eff. Dec. 1, 1988. Amended by Laws 1990, c. 323, § 68,
operative July 1, 1990.
Status: in_force · Read it on the official government site
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