Okla. Stat. tit. 58, § 58-926
This is the official text of Okla. Stat. tit. 58, § 58-926, 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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Sale of lease to highest bidder - Return of sale -
Official statutory text
Confirmation and approval by district court.
On the date and at the place specified in the notice for the
sale of said oil and gas or other mineral lease, said administrator,
executor, or guardian shall offer said lease for sale at public
auction and sell the same to the highest bidder for cash, and shall
thereupon file a return of sale showing the land upon which said
lease was sold, the term of years thereof, the name of the
purchaser, and the amount for which the same was sold, and attach to
the return a copy of the form of lease proposed to be executed,
which return shall thereupon, without further notice, be heard by
the district court, and if the court finds that said sale was
properly conducted as herein provided, and that the price bid for
said lease was not disproportionate to the value thereof, said sale
Oklahoma Statutes - Title 58. Probate Procedure Page 128
shall be confirmed and said administrator, executor or guardian
authorized and directed to execute and deliver said lease, and when
said lease is executed the judge of the district court shall endorse
his approval thereon.
On the date and at the place specified in the notice for the
sale of said oil and gas or other mineral lease, said administrator,
executor, or guardian shall offer said lease for sale at public
auction and sell the same to the highest bidder for cash, and shall
thereupon file a return of sale showing the land upon which said
lease was sold, the term of years thereof, the name of the
purchaser, and the amount for which the same was sold, and attach to
the return a copy of the form of lease proposed to be executed,
which return shall thereupon, without further notice, be heard by
the district court, and if the court finds that said sale was
properly conducted as herein provided, and that the price bid for
said lease was not disproportionate to the value thereof, said sale
Oklahoma Statutes - Title 58. Probate Procedure Page 128
shall be confirmed and said administrator, executor or guardian
authorized and directed to execute and deliver said lease, and when
said lease is executed the judge of the district court shall endorse
his approval thereon.
Status: in_force · Read it on the official government site
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