Okla. Stat. tit. 19, § 19-344: Sale of real estate – Public auction or sealed bids

A. The sale of the real estate may be by public auction held at

the county courthouse or at the site of the real property being sold

at the time advertised or by sealed bids. Sealed bids for the real

estate shall be in writing, sealed and delivered to the county clerk

of such county. The county clerk shall preserve the bids unopened

until the next regular meeting of the board of county commissioners

after the expiration of fifteen (15) days from the date of the first

publication, at which the board of county commissioners shall open

such bids and award the real estate to the highest and best bidder

for the real estate.

B. The real estate shall not be sold for less than eighty

percent (80%) of its appraised value, and the boards of county

commissioners shall have the power to reject any and all bids.

C. Proceeds from the sale of the property shall be deposited to

the account from which the property was purchased.

R.L. 1910, § 1605. Amended by Laws 1976, c. 92, § 2, emerg. eff.

May 6, 1976; Laws 2001, c. 231, § 3, eff. Nov. 1, 2001; Laws 2006,

c. 255, § 3, eff. Nov. 1, 2006.