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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 18, § 18-1112: Sale of Perishable or Deteriorating Property

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Where this section sits in the code
  1. OK Code
  2. Title 18

SALE OF PERISHABLE OR DETERIORATING PROPERTY

Whenever the property of a corporation is at the time of the

appointment of a receiver or trustee encumbered with liens of any

character, and the validity, extent or legality of any lien is

disputed or brought in question, and the property of the corporation

is of a character which will deteriorate in value pending the

litigation respecting the lien, the district court may order the

receiver or trustee to sell the property of the corporation, clear

of all encumbrances, at public or private sale, for the best price

that can be obtained therefor, and pay the net proceeds arising from

the sale thereof after deducting the costs of the sale into the

district court, there to remain subject to the order of the district

court, and to be disposed of as the district court shall direct.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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