Okla. Stat. tit. 70, § 70-1210.41
This is the official text of Okla. Stat. tit. 70, § 70-1210.41, part of Oklahoma’s Stat. tit. 70, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 70,." Browse the sections below, each linked to its official government source.
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Motor vehicles - Lease or loan agreements - Training
Official statutory text
or maintenance programs.
Any person, company, corporation, partnership, copartnership,
trust or other business entity desiring to do so may enter into a
written lease or loan agreement with the board of education of any
technology center school or technology center school district
covering the lease or loan to such board of education of any motor
vehicle for use by such technology center school or technology
center school district in connection with any training or
maintenance or other similar educational program, or in
administering any such program, operated by or under the direction
of such board of education. Such written agreement shall specify
the monetary consideration therefor, if any; shall provide that
ownership of such motor vehicle shall remain in the person or
business entity so furnishing same to the board of education; shall
state the make, model, equipment attached, year of manufacture and
manufacturer's delivery price of said motor vehicle; and the
duration of the term of such lease or loan agreement. Such written
agreements shall provide that upon expiration of the term set out in
the agreement said motor vehicle shall be returned to the owner
thereof. Such agreements shall be executed by the board of
education, or an administrative officer in behalf thereof, and the
owner of such motor vehicle.
Any person, company, corporation, partnership, copartnership,
trust or other business entity desiring to do so may enter into a
written lease or loan agreement with the board of education of any
technology center school or technology center school district
covering the lease or loan to such board of education of any motor
vehicle for use by such technology center school or technology
center school district in connection with any training or
maintenance or other similar educational program, or in
administering any such program, operated by or under the direction
of such board of education. Such written agreement shall specify
the monetary consideration therefor, if any; shall provide that
ownership of such motor vehicle shall remain in the person or
business entity so furnishing same to the board of education; shall
state the make, model, equipment attached, year of manufacture and
manufacturer's delivery price of said motor vehicle; and the
duration of the term of such lease or loan agreement. Such written
agreements shall provide that upon expiration of the term set out in
the agreement said motor vehicle shall be returned to the owner
thereof. Such agreements shall be executed by the board of
education, or an administrative officer in behalf thereof, and the
owner of such motor vehicle.
Status: in_force · Read it on the official government site
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