Okla. Stat. tit. 74, § 74-869
This is the official text of Okla. Stat. tit. 74, § 74-869, part of Oklahoma’s Stat. tit. 74, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 74,." Browse the sections below, each linked to its official government source.
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Loans upon leasehold estates - Terms
Official statutory text
In addition to the lending powers and authority granted the
Oklahoma Industrial Finance Authority under the provisions of the
Oklahoma Industrial Finance Authority Act, 74 O.S.1961, Section 851
et seq., said authority is hereby further authorized and empowered
to make loans, subject to all other terms and conditions contained
in such act, upon leasehold estates and buildings and facilities
located thereon; provided however, that as a condition thereof the
authority must first find that the remaining term of such leasehold
estate upon which such a loan is applied for shall have a term of
years of at least one and one-half times as long as the term of the
loan applied for.
Oklahoma Industrial Finance Authority under the provisions of the
Oklahoma Industrial Finance Authority Act, 74 O.S.1961, Section 851
et seq., said authority is hereby further authorized and empowered
to make loans, subject to all other terms and conditions contained
in such act, upon leasehold estates and buildings and facilities
located thereon; provided however, that as a condition thereof the
authority must first find that the remaining term of such leasehold
estate upon which such a loan is applied for shall have a term of
years of at least one and one-half times as long as the term of the
loan applied for.
Status: in_force · Read it on the official government site
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