Okla. Stat. tit. 58, § 58-385a
This is the official text of Okla. Stat. tit. 58, § 58-385a, 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 - Mortgage of estate realty - Grant of
Official statutory text
authority by district court.
In addition to the grounds and reasons now set forth and
provided by law for which the district court may grant authority to
administrators or executors of the estates of deceased persons to
mortgage, by contract, renewal or new mortgage, the real estate of
such estates, the district court may, upon verified petition
supported by sufficient evidence showing that the best interest of
the owners of the real estate belonging to any such estate requires
it, by an Order, grant authority to such administrators or executors
to mortgage the real estate, or any part thereof, except the
homestead, belonging to an estate of a deceased person for the
purpose of borrowing or securing money and funds with which to pay
off and discharge outstanding and unpaid debts against the estate of
such deceased persons, legally ordered and unpaid family allowance
and expenses and charges of administration, whether said property
Oklahoma Statutes - Title 58. Probate Procedure Page 73
has or has not before that time been mortgaged by the decedent or by
the administrator or executor of his estate.
In addition to the grounds and reasons now set forth and
provided by law for which the district court may grant authority to
administrators or executors of the estates of deceased persons to
mortgage, by contract, renewal or new mortgage, the real estate of
such estates, the district court may, upon verified petition
supported by sufficient evidence showing that the best interest of
the owners of the real estate belonging to any such estate requires
it, by an Order, grant authority to such administrators or executors
to mortgage the real estate, or any part thereof, except the
homestead, belonging to an estate of a deceased person for the
purpose of borrowing or securing money and funds with which to pay
off and discharge outstanding and unpaid debts against the estate of
such deceased persons, legally ordered and unpaid family allowance
and expenses and charges of administration, whether said property
Oklahoma Statutes - Title 58. Probate Procedure Page 73
has or has not before that time been mortgaged by the decedent or by
the administrator or executor of his estate.
Status: in_force · Read it on the official government site
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