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

Okla. Stat. tit. 60, § 60-670: Determination of amount of reserve - Payment of excesses

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

The State Treasurer shall determine, from time to time, what

amount of unclaimed property in custody should be retained as a

reserve in order to ensure that all claims presented by persons

legally establishing a right to any unclaimed property shall be paid

promptly. In making such determination, the State Treasurer shall

take into account the following:

1. The actual experience of other states having unclaimed

property laws, as to the amount of claims presented and established

as compared to the total amount of property taken into state

custody;

2. Such actuarial or other experience or statistics as may be

available to show the frequency of the discovery of missing persons

or their unknown heirs;

3. Any other discoverable and relevant data having a tendency

to establish the amount of reserve necessary for the purpose stated

in this section.

The State Treasurer, after having found and determined the

reserve necessary as stated in this section, shall pay all amounts

in custody in excess of the necessary reserve into the State

Treasury to the credit of the General Revenue Fund.

When monies are deposited to the credit of the General Revenue

Fund, all rights of any owner of unclaimed property to resort

against the money so paid into the General Revenue Fund shall

terminate, but the right of any person legally establishing a claim

to any property right which has been taken into the custody of the

State Treasurer shall be preserved and the value thereof shall be

paid from such reserve.

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

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