Okla. Stat. tit. 63, § 63-1074
This is the official text of Okla. Stat. tit. 63, § 63-1074, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Additional remedies conferrable by the authority
Official statutory text
An authority shall have power, by its resolution, trust
indenture, lease or other contract, to confer upon any obligee the
right, in addition to all rights that may otherwise be conferred,
upon the happening of an event of default as defined in such
resolution or instrument, by suit, action or proceeding in any court
of competent jurisdiction:
(a) to cause possession of any project or any part thereof to be
surrendered to any such obligee.
(b) to obtain the appointment of a receiver of any project of
the authority or any part thereof and of the rents and profits
therefrom. if such receiver be appointed, he may enter and take
possession of such project or any part thereof and operate and
maintain same, and collect and receive all fees, rents, revenues, or
other charges thereafter arising therefrom, and shall keep such
monies in a separate account or accounts and apply the same in
accordance with the obligations of the authority as the court shall
direct.
(c) to require the authority and the commissioners, officers,
agents and employees thereof to account as if it and they were the
trustees of an express trust.
indenture, lease or other contract, to confer upon any obligee the
right, in addition to all rights that may otherwise be conferred,
upon the happening of an event of default as defined in such
resolution or instrument, by suit, action or proceeding in any court
of competent jurisdiction:
(a) to cause possession of any project or any part thereof to be
surrendered to any such obligee.
(b) to obtain the appointment of a receiver of any project of
the authority or any part thereof and of the rents and profits
therefrom. if such receiver be appointed, he may enter and take
possession of such project or any part thereof and operate and
maintain same, and collect and receive all fees, rents, revenues, or
other charges thereafter arising therefrom, and shall keep such
monies in a separate account or accounts and apply the same in
accordance with the obligations of the authority as the court shall
direct.
(c) to require the authority and the commissioners, officers,
agents and employees thereof to account as if it and they were the
trustees of an express trust.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
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.