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

Okla. Stat. tit. 60, § 60-674.1: Limitation on service fees for recovery of funds or

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  1. OK Code
  2. Title 60

property - Mineral proceeds as payment for services prohibited.

A. No person who:

1. Informs a potential claimant of any unclaimed funds or other

property, tangible or intangible, held pursuant to the Uniform

Disposition of Unclaimed Property Act that such claimant may be

entitled to claim such unclaimed property; or

2. Files a claim for any funds or other property, tangible or

intangible, on behalf of a claimant of such funds or property,

shall contract for or receive from the claimant, for services, an

amount that exceeds twenty-five percent (25%) of the value of the

funds or property recovered.

If the funds or property involved are mineral proceeds, the

amount for services shall not include a portion of the underlying

minerals or any production payment, overriding royalty, or similar

payment.

In the event the claimant of such funds or property is deceased

and did not personally agree to the fee in writing, a fee for

recovery can only be collected from each identified heir, devisee or

legatee that has affirmatively agreed to that fee in writing.

The agreement shall be in writing and signed by the claimant

either by manual signature or electronic signature.

B. The provisions of this section shall apply to contracts

executed on or after November 1, 2021.

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

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