Okla. Stat. tit. 60, § 60-657.1
This is the official text of Okla. Stat. tit. 60, § 60-657.1, 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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Credit memo issued in ordinary course of business
Official statutory text
(a) A credit memo issued in the ordinary course of an issuer's
business which has a value of more than Fifty Dollars ($50.00) and
remains unclaimed by the owner for more than five (5) years after
becoming payable or distributable is presumed abandoned.
(b) With regard to a credit memo, the amount presumed abandoned
is the amount credited to the recipient of the memo. In applying
the Fifty Dollar ($50.00) limitation, individual credit memos to the
same owner shall not be aggregated.
business which has a value of more than Fifty Dollars ($50.00) and
remains unclaimed by the owner for more than five (5) years after
becoming payable or distributable is presumed abandoned.
(b) With regard to a credit memo, the amount presumed abandoned
is the amount credited to the recipient of the memo. In applying
the Fifty Dollar ($50.00) limitation, individual credit memos to the
same owner shall not be aggregated.
Status: in_force · Read it on the official government site
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