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

Okla. Stat. tit. 60, § 60-528: Obsolete property

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Where this section sits in the code
  1. OK Code
  2. Title 60

Ninety percent (90%) of the unit owners computed on the basis

set forth in Section 503 of this title may agree that the property

is obsolete in whole or in part and whether or not the same shall be

renewed and restored or the property sold and the proceeds of sale

distributed. If such percent of the unit owners agree to renew and

restore the property, then the expense thereof shall be payable by

all the unit owners as common expenses. If, however, such percent

of the unit owners agree that the property be sold, then the

property shall be subject to partition at the suit of any unit

owner, in which event the net proceeds of sale shall be divided

among all the unit owners in proportion to their respective

undivided ownership of the common elements, after first paying off

out of the respective shares of the unit owners, all liens on the

unit of each unit owner except a declarant not making pro rata

contributions pursuant to subsection (b) of Section 512 of this

title shall receive a reduced share of the proceeds in accordance

with the same formula described in paragraph (j) of Section 514 of

this title.

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

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