Okla. Stat. tit. 63, § 63-1-1930.4
This is the official text of Okla. Stat. tit. 63, § 63-1-1930.4, part of Oklahoma’s Stat. tit. 63, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 63,." Browse the sections below, each linked to its official government source.
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Termination of receivership
Official statutory text
A. The court may terminate a receivership:
1. If the time period specified in the order appointing the
receiver elapses and is not extended;
2. If the court determines that the receivership is no longer
necessary because the conditions which gave rise to the receivership
no longer exist or the State Department of Health grants the
facility a new license; or
3. If all of the residents in the facility have been
transferred or discharged.
B. 1. Within thirty (30) days after termination, the receiver
shall give the court a complete accounting of all property of which
the receiver has taken possession, of all funds collected, and of
the expenses of the receivership.
2. If the operating funds exceed the reasonable expenses of the
receivership, the court shall order payment of the surplus to the
owner. If the operating funds are insufficient to cover the
reasonable expenses of the receivership, the owner shall be liable
for the deficiency.
3. The Department shall have a lien for any payment made to the
receiver upon any beneficial interest, direct or indirect, of any
owner in the following property:
a. the building in which the facility is located,
b. any fixtures, equipment or goods used in the operation
of the facility,
c. the land on which the facility is located, or
d. the proceeds from any conveyance of property described
in subparagraph a, b or c of this paragraph, made by
the owner within one (1) year prior to the filing of
the petition for receivership.
4. The receiver shall, within sixty (60) days after termination
of the receivership, file a notice of any lien created under this
section.
1. If the time period specified in the order appointing the
receiver elapses and is not extended;
2. If the court determines that the receivership is no longer
necessary because the conditions which gave rise to the receivership
no longer exist or the State Department of Health grants the
facility a new license; or
3. If all of the residents in the facility have been
transferred or discharged.
B. 1. Within thirty (30) days after termination, the receiver
shall give the court a complete accounting of all property of which
the receiver has taken possession, of all funds collected, and of
the expenses of the receivership.
2. If the operating funds exceed the reasonable expenses of the
receivership, the court shall order payment of the surplus to the
owner. If the operating funds are insufficient to cover the
reasonable expenses of the receivership, the owner shall be liable
for the deficiency.
3. The Department shall have a lien for any payment made to the
receiver upon any beneficial interest, direct or indirect, of any
owner in the following property:
a. the building in which the facility is located,
b. any fixtures, equipment or goods used in the operation
of the facility,
c. the land on which the facility is located, or
d. the proceeds from any conveyance of property described
in subparagraph a, b or c of this paragraph, made by
the owner within one (1) year prior to the filing of
the petition for receivership.
4. The receiver shall, within sixty (60) days after termination
of the receivership, file a notice of any lien created under this
section.
Status: in_force · Read it on the official government site
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