Okla. Stat. tit. 60, § 60-657.4
This is the official text of Okla. Stat. tit. 60, § 60-657.4, 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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Intangible property - Presumption of abandonment
Official statutory text
A. All intangible property, including but not limited to
securities, principal, interest, dividends or other earnings
thereon, less any lawful charges, held by a business association,
federal, state or local government or governmental subdivision,
agency or entity, or any other person or entity, regardless of where
the holder may be found, if the owner has not claimed such property
or corresponded in writing with the holder concerning the property
within three (3) years after the date prescribed for payment or
delivery by the issuer, unless the holder is a state that has taken
custody pursuant to its own unclaimed property laws, in which case
no additional period of holding beyond that of such state is
necessary hereunder, is presumed abandoned and subject to the
custody of this state as unclaimed property if:
1. The last-known address of the owner is unknown; and
2. The person or entity originating or issuing the intangible
property is in this state or any political subdivision of this
state, or is incorporated, organized, created or otherwise located
in this state.
B. The provisions of subsection A of this section shall not
apply to property which is or may be presumed abandoned and subject
to the custody of this state pursuant to any other provision of law
containing a dormancy period different than that prescribed in
subsection A of this section.
C. The provisions of subsection A of this section shall apply
to all property held at the time of the effective date of this act,
or at any time thereafter, regardless of when such property became
or becomes presumptively abandoned.
securities, principal, interest, dividends or other earnings
thereon, less any lawful charges, held by a business association,
federal, state or local government or governmental subdivision,
agency or entity, or any other person or entity, regardless of where
the holder may be found, if the owner has not claimed such property
or corresponded in writing with the holder concerning the property
within three (3) years after the date prescribed for payment or
delivery by the issuer, unless the holder is a state that has taken
custody pursuant to its own unclaimed property laws, in which case
no additional period of holding beyond that of such state is
necessary hereunder, is presumed abandoned and subject to the
custody of this state as unclaimed property if:
1. The last-known address of the owner is unknown; and
2. The person or entity originating or issuing the intangible
property is in this state or any political subdivision of this
state, or is incorporated, organized, created or otherwise located
in this state.
B. The provisions of subsection A of this section shall not
apply to property which is or may be presumed abandoned and subject
to the custody of this state pursuant to any other provision of law
containing a dormancy period different than that prescribed in
subsection A of this section.
C. The provisions of subsection A of this section shall apply
to all property held at the time of the effective date of this act,
or at any time thereafter, regardless of when such property became
or becomes presumptively abandoned.
Status: in_force · Read it on the official government site
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