Okla. Stat. tit. 2, § 2-9-134.1: Custodial account defaults - Board taking possession of

assets - Distribution.

A. Upon the suspension or revocation of any livestock auction

market license as a result of a custodial account default, the Board

shall have the authority to take possession of any and all assets

which belong to the custodial account for shippers' proceeds,

including, but not limited to, custodial account checking or savings

accounts, custodial account certificates of deposit, receivables and

livestock for which the custodial account has not been reimbursed or

any other assets which belong to the custodial account as determined

by the Board.

B. Assets taken into possession shall be limited to custodial

account assets as determined by the State Board of Agriculture. All

funds collected from custodial account assets shall be placed in an

account of the Department of Agriculture specifically designated as

a shippers' proceeds trust fund.

C. The Board shall have the authority to receive, deposit and

administer all proceeds belonging to the custodial account for

shippers' proceeds of any livestock auction market whose license has

been suspended or revoked.

D. Upon taking possession of any such assets specified by this

section, the Board shall distribute the assets as follows:

1. The Board shall receive an amount equal to the cost incurred

by the Board in handling and maintenance of the trust fund of

shippers' proceeds, including cost of hauling, yardage, watering,

feeding, commissions and other costs in the marketing or handling of

any livestock taken into possession; and

2. All remaining funds shall be proportioned among all persons

submitting valid claims as determined by the Board.