Okla. Stat. tit. 40, § 40-3-311
This is the official text of Okla. Stat. tit. 40, § 40-3-311, part of Oklahoma’s Stat. tit. 40, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 40,." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Forfeiture of terminated employer unemployment tax
Official statutory text
account overpayments.
FORFEITURE OF TERMINATED EMPLOYER UNEMPLOYMENT TAX ACCOUNT
OVERPAYMENTS.
A. It is the fiduciary duty of the Oklahoma Employment Security
Commission to return overpayments received in the employer's
unemployment tax account. Upon the termination of the employer's
Oklahoma Statutes - Title 40. Labor Page 141
unemployment tax account, the Commission will issue a refund of any
remaining credit balance that is equal to or greater than One
Hundred Dollars ($100.00) by mailing it to the last address provided
by the employer. If an employer's unemployment tax account has been
terminated and has a credit balance that has been at that level for
a period of one hundred eighty (180) days or more without a refund
being requested from the employer, the Commission will reduce the
balance of that unemployment tax account to zero (0) and consider
the credit to be forfeited after the Commission has exercised its
fiduciary duty.
B. Once the Commission has completed its fiduciary duty in
facilitating the return of the credit to the employer, based upon
the most current mailing address provided by the employer, the
Commission can assume its fiduciary duty is completed. If the
refund of the overpayment is returned to the Commission, the
employer shall consider the funds forfeited and will be prohibited
from requesting the credit balance in the future. All returns of
overpayment shall be returned to the clearing account as set forth
in Section 3-604 of this title.
FORFEITURE OF TERMINATED EMPLOYER UNEMPLOYMENT TAX ACCOUNT
OVERPAYMENTS.
A. It is the fiduciary duty of the Oklahoma Employment Security
Commission to return overpayments received in the employer's
unemployment tax account. Upon the termination of the employer's
Oklahoma Statutes - Title 40. Labor Page 141
unemployment tax account, the Commission will issue a refund of any
remaining credit balance that is equal to or greater than One
Hundred Dollars ($100.00) by mailing it to the last address provided
by the employer. If an employer's unemployment tax account has been
terminated and has a credit balance that has been at that level for
a period of one hundred eighty (180) days or more without a refund
being requested from the employer, the Commission will reduce the
balance of that unemployment tax account to zero (0) and consider
the credit to be forfeited after the Commission has exercised its
fiduciary duty.
B. Once the Commission has completed its fiduciary duty in
facilitating the return of the credit to the employer, based upon
the most current mailing address provided by the employer, the
Commission can assume its fiduciary duty is completed. If the
refund of the overpayment is returned to the Commission, the
employer shall consider the funds forfeited and will be prohibited
from requesting the credit balance in the future. All returns of
overpayment shall be returned to the clearing account as set forth
in Section 3-604 of this title.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.