Okla. Stat. tit. 58, § 58-486
This is the official text of Okla. Stat. tit. 58, § 58-486, 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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Holder of mortgage may purchase land
Official statutory text
At any sale under order of the district court, of lands upon
which there is a mortgage or lien, the holder thereof may become the
purchaser, and his receipt for the amount due him from the proceeds
of the sale is a payment pro tanto. If the amount for which he
purchased the property is insufficient to defray the expenses and
discharge his mortgage or lien, he must pay to the judge an amount
sufficient to pay such expenses.
which there is a mortgage or lien, the holder thereof may become the
purchaser, and his receipt for the amount due him from the proceeds
of the sale is a payment pro tanto. If the amount for which he
purchased the property is insufficient to defray the expenses and
discharge his mortgage or lien, he must pay to the judge an amount
sufficient to pay such expenses.
Status: in_force · Read it on the official government site
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