Okla. Stat. tit. 42, § 42-209: Lien on escrow account
Where this section sits in the code
- OK Code
- Title 42
Except as otherwise provided in this section, whenever a claim
for lien has been filed with the county clerk, and an escrow account
has been established either from the proceeds from the transaction
or any other source of funds in an amount equal to one hundred
twenty-five percent (125%) of the amount of the claim for lien, then
the lien against the commercial real estate shall be extinguished
and become a lien on the funds contained in the escrow account. The
establishment of an escrow account, as provided for in this section,
shall not be cause for any party to refuse to close the transaction.
Collected 2026-09-14T18:32:36Z. Source file · JSON