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

Okla. Stat. tit. 58, § 58-385.3: Order for guardian to borrow money, execute mortgage,

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  1. OK Code
  2. Title 58

etc. - Additional bond - Approval.

Upon such hearing, if the court is satisfied that it is for the

best interest of the estate and to the owners of such real estate he

may make an order authorizing the guardian to borrow money, make,

execute and deliver a note or notes therefor and to make, execute

and deliver a real estate mortgage securing the same, in such

amount, at such rate of interest and upon such terms and conditions

as the court may prescribe and may, if he deems it advisable require

an additional bond as in the case of the sale of real estate. After

the order of the court authorizing the same is made, the guardian

may make and execute the note or notes and mortgage and shall then

present the same to the district court or judge thereof, who shall

examine the same, and if they appear to be in conformity to law and

the order of the court, the judge of the district court shall

endorse his approval on the face of the mortgage. Thereafter the

guardian may proceed to close the loan by receiving the funds so

borrowed and by delivering the note or notes and mortgage. All such

notes and mortgages shall be valid and binding obligations against

the estate and against the real estate so mortgaged in accordance

with the terms and conditions of such mortgage.

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

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