Okla. Stat. tit. 68, § 68-219: Compounding, settlement or compromise of controversies,

judicial approval in certain cases.

The Oklahoma Tax Commission is authorized to enter into an

agreement to compound, settle or compromise any controversy relating

to taxes collectible by the Tax Commission, or any admitted or

established tax liability as to any tax collectible under any State

Law in the following cases:

(1) In cases of controversy arising over the amount of tax due,

or,

(2) In case of inability to pay, resulting from insolvency of

the taxpayer.

In any case where the amount of any tax liability which has been

admitted or established exceeds Twenty-five Thousand Dollars

($25,000.00), no agreement to compound, settle or compromise such

tax liability shall be effective until the settlement thereof shall

have been approved by judgment of one of the judges of the district

court of Oklahoma County, after a full hearing thereon.