GroundRules
← Search the law
Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 47, § 47-7-330: Cash or certificate of deposit as proof

Read at publisher ↗
Where this section sits in the code
  1. OK Code
  2. Title 47

Proof of financial responsibility may be evidenced by the

certificate of the Department of Public Safety that the person named

therein has deposited with the Department at least Seventy-five

Thousand Dollars ($75,000.00) in cash, or a certificate of deposit

issued by a financial institution located in Oklahoma in an amount

of at least Seventy-five Thousand Dollars ($75,000.00). The

Department shall deposit any cash it receives for this purpose in a

special account of the Department which shall be held in escrow

until necessary to pay judgments as described in Section 7-331 of

this title. The Department shall obtain a written acknowledgment

from any financial institution issuing a certificate of deposit

which is used for the purpose of this section, showing the

certificate of deposit has been pledged to the Department for this

purpose. The Department shall not accept any deposit and issue a

certificate therefor and the Department shall not accept the

certificate unless accompanied by evidence that there are no

unsatisfied judgments of any character against the depositor in the

county where the depositor resides.

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

Browse this collection