Okla. Stat. tit. 68, § 68-210

(a) Any bond required to be filed to protect the State of

Oklahoma under this article or any state tax law must be approved by

the Tax Commission and shall be in such form and amount as such tax

law shall require, or, in the absence of a specific requirement, in

such amount as the Tax Commission may require, and shall be signed

as surety by a surety company authorized to transact business in

this state, or in lieu of such surety bond, there may be filed

negotiable bonds or other obligations of the United States or of the

State of Oklahoma of an actual market value not less than the amount

fixed by such law or by the Tax Commission.

(b) Notwithstanding the limitation as to the amount of any bond

fixed by any tax law requiring a bond, if a taxpayer:

1. Becomes delinquent in the payment of any tax;

2. Tenders a check in payment of a tax which check is returned

unpaid because of insufficient funds; or

Oklahoma Statutes - Title 68. Revenue and Taxation Page 76

3. Is unable to furnish a financial statement that, in the

judgment of the Tax Commission, indicates ability to properly

discharge his liability for the tax currently accruing against such

taxpayer;

then, in any of such events, the Tax Commission shall demand an

additional bond of such taxpayer in an amount necessary, in the

judgment of the Tax Commission, to protect the revenue of the State.

Provided, that the penal sum of the additional bond and the bond

furnished under the provisions of the law requiring such bond, may

not, in total amount, exceed three (3) months' tax liability.

(c) If any bond or other instrument filed to protect the State

of Oklahoma under this article or any state tax law is revoked or

canceled by the issuer thereof, such issuer shall provide notice of

such revocation or cancellation to the Oklahoma Tax Commission by

certified mail.