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

Okla. Stat. tit. 63, § 63-1-1930.4: Termination of receivership

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Where this section sits in the code
  1. OK Code
  2. Title 63

A. The court may terminate a receivership:

1. If the time period specified in the order appointing the

receiver elapses and is not extended;

2. If the court determines that the receivership is no longer

necessary because the conditions which gave rise to the receivership

no longer exist or the State Department of Health grants the

facility a new license; or

3. If all of the residents in the facility have been

transferred or discharged.

B. 1. Within thirty (30) days after termination, the receiver

shall give the court a complete accounting of all property of which

the receiver has taken possession, of all funds collected, and of

the expenses of the receivership.

2. If the operating funds exceed the reasonable expenses of the

receivership, the court shall order payment of the surplus to the

owner. If the operating funds are insufficient to cover the

reasonable expenses of the receivership, the owner shall be liable

for the deficiency.

3. The Department shall have a lien for any payment made to the

receiver upon any beneficial interest, direct or indirect, of any

owner in the following property:

a. the building in which the facility is located,

b. any fixtures, equipment or goods used in the operation

of the facility,

c. the land on which the facility is located, or

d. the proceeds from any conveyance of property described

in subparagraph a, b or c of this paragraph, made by

the owner within one (1) year prior to the filing of

the petition for receivership.

4. The receiver shall, within sixty (60) days after termination

of the receivership, file a notice of any lien created under this

section.

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

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