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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 52, § 52-554: Transmission of funds - Escrow report - Claims against

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  1. OK Code
  2. Title 52

Mineral Owner's Fund.

A. The Corporation Commission shall, by the close of the second

working day following the day on which the funds are received from

holders, transmit the funds to the State Treasurer, who shall hold

the funds in trust for the mineral owners in the Mineral Owner's

Fund.

B. The Corporation Commission shall, within ninety (90) days of

receipt, provide copies of escrow reports required by Section 551 et

seq. of this title to the State Treasurer. The State Treasurer

shall include these names in the regular annual process to locate

the owners of unclaimed property.

C. Claims against the Mineral Owner's Fund shall be submitted

to the State Treasurer, and upon sufficient proof of ownership, the

State Treasurer shall pay monies to the rightful owner or to the

rightful owner’s heirs, devisees or assigns from the Unclaimed

Property Fund, to be reimbursed quarterly from the Mineral Owner's

Fund, for such claim.

D. The Corporation Commission shall retain ten percent (10%) of

each amount of funds transferred to the State Treasurer to cover the

Corporation Commission’s cost of administration of the requirements

of Section 551 et seq. of this title.

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

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