Okla. Stat. tit. 60, § 60-655

This is the official text of Okla. Stat. tit. 60, § 60-655, part of Oklahoma’s Stat. tit. 60, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 60,." Browse the sections below, each linked to its official government source.

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Stock or other equity interest in business association -

Official statutory text

Unmatured or matured debt.

A. 1. Stock or other equity interest in a business association

is presumed unclaimed three (3) years after the earliest of:

a. The date of the most recent dividend, stock split, or

other distribution unclaimed by the apparent owner, or

b. The date a statement of account or other notification

or communication was returned as undeliverable.

This subsection applies to both the underlying stock, share, or

other intangible ownership interest of an owner, and to the stock,

share, or other intangible ownership interest in dividend and

nondividend paying business associations whether or not the interest

is represented by a certificate.

2. Except as otherwise provided in Section 657 of this title,

unmatured or unredeemed debt, other than a bearer bond or an

original issue discount bond, is presumed unclaimed three (3) years

after the date of the most recent interest payment unclaimed by the

owner.

3. Except as otherwise provided in Section 657 of this title,

matured or redeemed debt is presumed unclaimed three (3) years after

the date of maturity or redemption.

4. At the time property is presumed unclaimed under paragraph 1

or 2 of this subsection, any other property right accrued or

accruing to the owner as a result of the property interest and not

previously presumed unclaimed is also presumed unclaimed.

Oklahoma Statutes - Title 60. Property Page 206

5. A stock or other intangible ownership interest enrolled in a

plan that provides for the automatic reinvestment of dividends,

distributions, or other sums payable as a result of the interest

shall not be presumed to be abandoned if the holder has sent a

statement or other business communication concerning such property

to the owner by first-class mail and the statement or other business

communication has not been returned for inability to make delivery

to the addressee.

B. 1. The running of any three-year period pursuant to

subsection A of this section ceases if the person:

a. communicates in writing with the association or its

agent regarding the interest or a dividend,

distribution, or other sum payable as a result of the

interest,

b. otherwise communicates with the association regarding

the interest or a dividend, distribution, or other sum

payable as a result of the interest, as evidenced by a

memorandum or other record on file with the

association or its agent, or

c. presents an instrument issued to pay interest or a

dividend or other cash distribution. If any future

dividend, distribution, or other sum payable to the

owner as a result of the interest is subsequently not

claimed by the owner, a new period in which the

property is presumed unclaimed commences and relates

back only to the time a subsequent dividend,

distribution, or other sum became due and payable.

C. Any dividend, profit, distribution, interest, redemption,

payment on principal, or other sum held or owing by a business

association for or to its shareholder, certificate holder, member,

bondholder, or other security holder, who has not claimed it, or

corresponded in writing with the business association concerning it,

within three (3) years after the date prescribed for payment or

delivery, is presumed unclaimed.

D. The Uniform Unclaimed Property Act shall not apply to

patronage dividends, capital credits, customer deposits or non-

negotiated payment checks held or owing by cooperative electric

power or telephone associations organized under the Rural Electric

Cooperative Act and the Telephone Cooperative Corporations Act,

rural water, sewer, gas and solid waste management districts

organized under the Rural Water, Sewer, Gas and Solid Waste

Management Districts Act, or agricultural cooperative marketing or

supply associations organized under the Cooperative Marketing

Association Act; when such associations are domiciled in Oklahoma.

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.