Okla. Stat. tit. 60, § 60-670

This is the official text of Okla. Stat. tit. 60, § 60-670, 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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Determination of amount of reserve - Payment of excesses

Official statutory text

The State Treasurer shall determine, from time to time, what

amount of unclaimed property in custody should be retained as a

reserve in order to ensure that all claims presented by persons

legally establishing a right to any unclaimed property shall be paid

promptly. In making such determination, the State Treasurer shall

take into account the following:

Oklahoma Statutes - Title 60. Property Page 223

1. The actual experience of other states having unclaimed

property laws, as to the amount of claims presented and established

as compared to the total amount of property taken into state

custody;

2. Such actuarial or other experience or statistics as may be

available to show the frequency of the discovery of missing persons

or their unknown heirs;

3. Any other discoverable and relevant data having a tendency

to establish the amount of reserve necessary for the purpose stated

in this section.

The State Treasurer, after having found and determined the

reserve necessary as stated in this section, shall pay all amounts

in custody in excess of the necessary reserve into the State

Treasury to the credit of the General Revenue Fund.

When monies are deposited to the credit of the General Revenue

Fund, all rights of any owner of unclaimed property to resort

against the money so paid into the General Revenue Fund shall

terminate, but the right of any person legally establishing a claim

to any property right which has been taken into the custody of the

State Treasurer shall be preserved and the value thereof shall be

paid from such reserve.

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.