Okla. Stat. tit. 60, § 60-664
This is the official text of Okla. Stat. tit. 60, § 60-664, 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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Relief from liability by payment or delivery
Official statutory text
A. Upon the payment or delivery of abandoned property to the
State Treasurer, the state assumes custody and responsibility for
Oklahoma Statutes - Title 60. Property Page 217
the safekeeping of the property. A person who pays or delivers
property to the State Treasurer in good faith is relieved of all
liability to the extent of the value of the property paid or
delivered for any claim then existing or which thereafter may arise
or be made in respect to the property.
B. A holder who has paid money to the State Treasurer pursuant
to the Uniform Unclaimed Property Act may make payment to any person
appearing to the holder to be entitled to payment; and upon filing
proof of such payment and proof that the payee was entitled thereto,
the State Treasurer shall promptly reimburse the holder for the
payment without imposing a fee or other charge. If reimbursement is
sought for a payment made on a negotiable instrument, including a
travelers check or money order, the holder shall be reimbursed under
this subsection upon filing proof that the instrument was presented
and that payment was made to a person who appeared to the holder to
be entitled to payment. The holder shall be reimbursed for payment
made under this subsection even if the holder paid a person whose
claim was barred under subsection A of Section 666 of this title.
C. A holder who has delivered property, including, but not
limited to, a certificate of an ownership interest in a business
association, other than money to the State Treasurer pursuant to the
Uniform Unclaimed Property Act may reclaim the property if still in
the possession of the Treasurer, without paying any fee or other
charge, upon filing proof that the owner has claimed the property
from the holder.
D. The State Treasurer may accept the holder's affidavit as
sufficient proof of the facts that entitle the holder to recover
money and property under this section.
E. If the holder pays or delivers property to the State
Treasurer in good faith and thereafter another person claims the
property from the holder or another state claims the money or
property under its laws relating to escheat or abandoned or
unclaimed property, the State Treasurer, upon written notice of the
claim, shall defend the holder against the claim and, to the extent
of the property's value, shall indemnify the holder against
liability on the claim. Neither the holder nor the State Treasurer
shall be liable for more than the value of the property, determined
as of the time of its payment or delivery to the State Treasurer, if
the holder paid or delivered the property to the State Treasurer in
good faith.
F. For the purposes of this section, "good faith" means that:
1. Payment or delivery was made in a reasonable attempt to
comply with the Uniform Unclaimed Property Act;
2. The person delivering the property was not a fiduciary then
in breach of trust in respect to the property and had a reasonable
basis for believing, based on the facts then known, that the
Oklahoma Statutes - Title 60. Property Page 218
property was abandoned for the purposes of the Uniform Unclaimed
Property Act;
3. There is no showing that the records under which the
delivery was made did not meet reasonable commercial standards of
practice in the industry; and
4. The reporting and delivery of property was made in
compliance with Sections 661 and 663 of this title and any
applicable administrative rules.
State Treasurer, the state assumes custody and responsibility for
Oklahoma Statutes - Title 60. Property Page 217
the safekeeping of the property. A person who pays or delivers
property to the State Treasurer in good faith is relieved of all
liability to the extent of the value of the property paid or
delivered for any claim then existing or which thereafter may arise
or be made in respect to the property.
B. A holder who has paid money to the State Treasurer pursuant
to the Uniform Unclaimed Property Act may make payment to any person
appearing to the holder to be entitled to payment; and upon filing
proof of such payment and proof that the payee was entitled thereto,
the State Treasurer shall promptly reimburse the holder for the
payment without imposing a fee or other charge. If reimbursement is
sought for a payment made on a negotiable instrument, including a
travelers check or money order, the holder shall be reimbursed under
this subsection upon filing proof that the instrument was presented
and that payment was made to a person who appeared to the holder to
be entitled to payment. The holder shall be reimbursed for payment
made under this subsection even if the holder paid a person whose
claim was barred under subsection A of Section 666 of this title.
C. A holder who has delivered property, including, but not
limited to, a certificate of an ownership interest in a business
association, other than money to the State Treasurer pursuant to the
Uniform Unclaimed Property Act may reclaim the property if still in
the possession of the Treasurer, without paying any fee or other
charge, upon filing proof that the owner has claimed the property
from the holder.
D. The State Treasurer may accept the holder's affidavit as
sufficient proof of the facts that entitle the holder to recover
money and property under this section.
E. If the holder pays or delivers property to the State
Treasurer in good faith and thereafter another person claims the
property from the holder or another state claims the money or
property under its laws relating to escheat or abandoned or
unclaimed property, the State Treasurer, upon written notice of the
claim, shall defend the holder against the claim and, to the extent
of the property's value, shall indemnify the holder against
liability on the claim. Neither the holder nor the State Treasurer
shall be liable for more than the value of the property, determined
as of the time of its payment or delivery to the State Treasurer, if
the holder paid or delivered the property to the State Treasurer in
good faith.
F. For the purposes of this section, "good faith" means that:
1. Payment or delivery was made in a reasonable attempt to
comply with the Uniform Unclaimed Property Act;
2. The person delivering the property was not a fiduciary then
in breach of trust in respect to the property and had a reasonable
basis for believing, based on the facts then known, that the
Oklahoma Statutes - Title 60. Property Page 218
property was abandoned for the purposes of the Uniform Unclaimed
Property Act;
3. There is no showing that the records under which the
delivery was made did not meet reasonable commercial standards of
practice in the industry; and
4. The reporting and delivery of property was made in
compliance with Sections 661 and 663 of this title and any
applicable administrative rules.
Status: in_force · Read it on the official government site
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