Okla. Stat. tit. 62, § 62-589
This is the official text of Okla. Stat. tit. 62, § 62-589, part of Oklahoma’s Stat. tit. 62, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 62,." Browse the sections below, each linked to its official government source.
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Collection of costs - Reimbursement
Official statutory text
A. An issuer, prior to or at original issuance of registered
public obligations, may provide as a part of a system of
registration that the transferor or transferee of the registered
public obligations pay all or a designated part of the costs of the
system as a condition precedent to transfer, that costs be paid out
of proceeds of the registered public obligations, or that both
methods be used. The portion of the costs of the system not
provided to be paid for by the transferor or transferee or out of
proceeds shall be the liability of the issuer.
B. The issuer may as a part of a system of registration provide
for reimbursement or for satisfaction of its liability by payment by
others. The issuer may enter into agreements with others respecting
such reimbursement or payment, may establish fees and charges
pursuant to such agreements or otherwise, and may provide that the
amount or estimated amount of such fees and charges shall be
Oklahoma Statutes - Title 62. Public Finance Page 464
reimbursed or paid from the same sources and by means of the same
collection and enforcement procedures and with the same priority and
effect as with respect to the obligations.
public obligations, may provide as a part of a system of
registration that the transferor or transferee of the registered
public obligations pay all or a designated part of the costs of the
system as a condition precedent to transfer, that costs be paid out
of proceeds of the registered public obligations, or that both
methods be used. The portion of the costs of the system not
provided to be paid for by the transferor or transferee or out of
proceeds shall be the liability of the issuer.
B. The issuer may as a part of a system of registration provide
for reimbursement or for satisfaction of its liability by payment by
others. The issuer may enter into agreements with others respecting
such reimbursement or payment, may establish fees and charges
pursuant to such agreements or otherwise, and may provide that the
amount or estimated amount of such fees and charges shall be
Oklahoma Statutes - Title 62. Public Finance Page 464
reimbursed or paid from the same sources and by means of the same
collection and enforcement procedures and with the same priority and
effect as with respect to the obligations.
Status: in_force · Read it on the official government site
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