Okla. Stat. tit. 58, § 58-264
This is the official text of Okla. Stat. tit. 58, § 58-264, part of Oklahoma’s Stat. tit. 58, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 58,." Browse the sections below, each linked to its official government source.
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Borrowing money to pay taxes - Mortgage or pledge of
Official statutory text
assets.
Executors and administrators of estates of deceased persons are
authorized to borrow money with which to pay the taxes imposed and
levied by the:
(a) United States upon the transfer of the net
estates of decedents who are citizens and residents of the United
States,
(b) State of Oklahoma upon the transfer of the
net estate of decedents by will or the intestate laws of Oklahoma,
(c) United States and the State of Oklahoma upon
the income of such estates and of the decedents,
Oklahoma Statutes - Title 58. Probate Procedure Page 51
and to mortgage or pledge any of the assets of the estate as
security for any such loan. Said executors and administrators are
authorized to borrow money to pay any indebtedness incurred on
behalf of the estate for such purposes and to mortgage or pledge any
of the assets of the estate as security for any such loan.
Executors and administrators of estates of deceased persons are
authorized to borrow money with which to pay the taxes imposed and
levied by the:
(a) United States upon the transfer of the net
estates of decedents who are citizens and residents of the United
States,
(b) State of Oklahoma upon the transfer of the
net estate of decedents by will or the intestate laws of Oklahoma,
(c) United States and the State of Oklahoma upon
the income of such estates and of the decedents,
Oklahoma Statutes - Title 58. Probate Procedure Page 51
and to mortgage or pledge any of the assets of the estate as
security for any such loan. Said executors and administrators are
authorized to borrow money to pay any indebtedness incurred on
behalf of the estate for such purposes and to mortgage or pledge any
of the assets of the estate as security for any such loan.
Status: in_force · Read it on the official government site
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