Okla. Stat. tit. 6, § 6-910.12
This is the official text of Okla. Stat. tit. 6, § 6-910.12, part of Oklahoma’s Stat. tit. 6, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 6,." Browse the sections below, each linked to its official government source.
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Termination of special deposit
Official statutory text
A. Unless otherwise provided in the account agreement, a
special deposit terminates five (5) years after the date the special
deposit was first funded.
B. Unless otherwise provided in the account agreement, if the
bank cannot identify or locate a beneficiary entitled to payment
when the special deposit is terminated, and a balance remains in the
special deposit, the bank shall pay the balance to the depositor or
depositors as a beneficiary or beneficiaries.
C. A bank that pays the remaining balance as provided under
subsection B of this section has no further obligation with respect
to the special deposit.
special deposit terminates five (5) years after the date the special
deposit was first funded.
B. Unless otherwise provided in the account agreement, if the
bank cannot identify or locate a beneficiary entitled to payment
when the special deposit is terminated, and a balance remains in the
special deposit, the bank shall pay the balance to the depositor or
depositors as a beneficiary or beneficiaries.
C. A bank that pays the remaining balance as provided under
subsection B of this section has no further obligation with respect
to the special deposit.
Status: in_force · Read it on the official government site
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