Okla. Stat. tit. 53, § 53-5.2b
This is the official text of Okla. Stat. tit. 53, § 53-5.2b, part of Oklahoma’s Stat. tit. 53, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 53,." Browse the sections below, each linked to its official government source.
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Authorization to transfer ownership of historic
Official statutory text
properties
The Oklahoma Historical Society is hereby authorized to transfer
ownership of historic properties, both real and tangible, to
appropriate organizations or groups who agree to maintain the
properties in the best interest of historic preservation and who pay
fair market value for such property. Notwithstanding Section 5.2a
of Title 53 of the Oklahoma Statutes, when property by the Society
is declared surplus, or is determined to be beyond the means of the
Society to maintain properly, the Society shall first offer the
property for sale at fair market value to the original donor, even
if a reversionary clause is not included in the gift agreement. If
a donor cannot be identified, the property may be offered for sale
at fair market value to an appropriate not-for-profit organization
or a federally recognized Indian tribe that agrees to maintain the
property through a formal written contract which provides for
compensation, and may include in-kind, in the form of maintenance
and preservation agreements. The process for the sale and transfer
of title shall originate with the Oklahoma Historical Society Board
of Directors. The authorization to sell this property pursuant to
this section shall be exempt from the Oklahoma Surplus Property Act
as well as Sections 327 and 327.1 of Title 61 of the Oklahoma
Statutes.
The Oklahoma Historical Society is hereby authorized to transfer
ownership of historic properties, both real and tangible, to
appropriate organizations or groups who agree to maintain the
properties in the best interest of historic preservation and who pay
fair market value for such property. Notwithstanding Section 5.2a
of Title 53 of the Oklahoma Statutes, when property by the Society
is declared surplus, or is determined to be beyond the means of the
Society to maintain properly, the Society shall first offer the
property for sale at fair market value to the original donor, even
if a reversionary clause is not included in the gift agreement. If
a donor cannot be identified, the property may be offered for sale
at fair market value to an appropriate not-for-profit organization
or a federally recognized Indian tribe that agrees to maintain the
property through a formal written contract which provides for
compensation, and may include in-kind, in the form of maintenance
and preservation agreements. The process for the sale and transfer
of title shall originate with the Oklahoma Historical Society Board
of Directors. The authorization to sell this property pursuant to
this section shall be exempt from the Oklahoma Surplus Property Act
as well as Sections 327 and 327.1 of Title 61 of the Oklahoma
Statutes.
Status: in_force · Read it on the official government site
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