Okla. Stat. tit. 60, § 60-671
This is the official text of Okla. Stat. tit. 60, § 60-671, 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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Insufficiency of reserve
Official statutory text
If, at any time, the reserve as provided for in the Uniform
Unclaimed Property Act is insufficient to pay in full established
claims, the State Treasurer immediately shall:
1. Redetermine, on the basis of past experience, the percentage
necessary to be maintained in the reserve; and
2. Cease to make any payments to the General Revenue Fund
until:
a. all validly established claims as provided for in the
Uniform Unclaimed Property Act have been paid, and
b. there is accumulated in the reserve the sum required
to be kept therein under the redetermination,
whereupon the State Treasurer shall resume payments to
the General Revenue Fund in accordance with the terms
of the Uniform Unclaimed Property Act.
Unclaimed Property Act is insufficient to pay in full established
claims, the State Treasurer immediately shall:
1. Redetermine, on the basis of past experience, the percentage
necessary to be maintained in the reserve; and
2. Cease to make any payments to the General Revenue Fund
until:
a. all validly established claims as provided for in the
Uniform Unclaimed Property Act have been paid, and
b. there is accumulated in the reserve the sum required
to be kept therein under the redetermination,
whereupon the State Treasurer shall resume payments to
the General Revenue Fund in accordance with the terms
of the Uniform Unclaimed Property Act.
Status: in_force · Read it on the official government site
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