Okla. Stat. tit. 40, § 40-3-311: Forfeiture of terminated employer unemployment tax

account overpayments.

FORFEITURE OF TERMINATED EMPLOYER UNEMPLOYMENT TAX ACCOUNT

OVERPAYMENTS.

A. It is the fiduciary duty of the Oklahoma Employment Security

Commission to return overpayments received in the employer's

unemployment tax account. Upon the termination of the employer's

unemployment tax account, the Commission will issue a refund of any

remaining credit balance that is equal to or greater than One

Hundred Dollars ($100.00) by mailing it to the last address provided

by the employer. If an employer's unemployment tax account has been

terminated and has a credit balance that has been at that level for

a period of one hundred eighty (180) days or more without a refund

being requested from the employer, the Commission will reduce the

balance of that unemployment tax account to zero (0) and consider

the credit to be forfeited after the Commission has exercised its

fiduciary duty.

B. Once the Commission has completed its fiduciary duty in

facilitating the return of the credit to the employer, based upon

the most current mailing address provided by the employer, the

Commission can assume its fiduciary duty is completed. If the

refund of the overpayment is returned to the Commission, the

employer shall consider the funds forfeited and will be prohibited

from requesting the credit balance in the future. All returns of

overpayment shall be returned to the clearing account as set forth

in Section 3-604 of this title.