Okla. Stat. tit. 36, § 36-2931
This is the official text of Okla. Stat. tit. 36, § 36-2931, part of Oklahoma’s Stat. tit. 36, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 36,." Browse the sections below, each linked to its official government source.
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Real estate transactions - Restrictions
Official statutory text
A reciprocal insurer, as defined in Section 2902 of Title 36 of
the Oklahoma Statutes, may purchase, receive, own, hold, lease,
mortgage, pledge, or encumber, by deed of trust or otherwise,
manage, or sell real property in its own name for the purposes and
objects of such insurer, pursuant to the provisions of Section 1624
of Title 36 of the Oklahoma Statutes. Any contract, deed, lease,
mortgage, deed of trust, purchase or sale agreement, or any other
contract, document or instrument to be executed in the name of the
reciprocal insurer may be executed by the attorney-in-fact for the
insurer, as defined in Section 2906 of Title 36 of the Oklahoma
Statutes. This provision shall apply to any contract, deed, lease,
mortgage, deed of trust, purchase or sale agreement, or any other
contract, document or instrument made and entered into by any
reciprocal insurer on and after September 1, 1990.
A reciprocal insurer doing business in this state shall be
subject to the same restrictions pertaining to ownership of real
property and other real estate transactions that exist for
corporations pursuant to Section 2 of Article XXII of the Oklahoma
Constitution.
the Oklahoma Statutes, may purchase, receive, own, hold, lease,
mortgage, pledge, or encumber, by deed of trust or otherwise,
manage, or sell real property in its own name for the purposes and
objects of such insurer, pursuant to the provisions of Section 1624
of Title 36 of the Oklahoma Statutes. Any contract, deed, lease,
mortgage, deed of trust, purchase or sale agreement, or any other
contract, document or instrument to be executed in the name of the
reciprocal insurer may be executed by the attorney-in-fact for the
insurer, as defined in Section 2906 of Title 36 of the Oklahoma
Statutes. This provision shall apply to any contract, deed, lease,
mortgage, deed of trust, purchase or sale agreement, or any other
contract, document or instrument made and entered into by any
reciprocal insurer on and after September 1, 1990.
A reciprocal insurer doing business in this state shall be
subject to the same restrictions pertaining to ownership of real
property and other real estate transactions that exist for
corporations pursuant to Section 2 of Article XXII of the Oklahoma
Constitution.
Status: in_force · Read it on the official government site
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