{"data":{"id":"us-ok/okla.-stat.-tit.-52-52-554","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 52, § 52-554","heading":"Transmission of funds - Escrow report - Claims against","body":"Mineral Owner's Fund.\n\nA. The Corporation Commission shall, by the close of the second\n\nworking day following the day on which the funds are received from\n\nholders, transmit the funds to the State Treasurer, who shall hold\n\nthe funds in trust for the mineral owners in the Mineral Owner's\n\nFund.\n\nB. The Corporation Commission shall, within ninety (90) days of\n\nreceipt, provide copies of escrow reports required by Section 551 et\n\nseq. of this title to the State Treasurer. The State Treasurer\n\nshall include these names in the regular annual process to locate\n\nthe owners of unclaimed property.\n\nC. Claims against the Mineral Owner's Fund shall be submitted\n\nto the State Treasurer, and upon sufficient proof of ownership, the\n\nState Treasurer shall pay monies to the rightful owner or to the\n\nrightful owner’s heirs, devisees or assigns from the Unclaimed\n\nProperty Fund, to be reimbursed quarterly from the Mineral Owner's\n\nFund, for such claim.\n\nD. The Corporation Commission shall retain ten percent (10%) of\n\neach amount of funds transferred to the State Treasurer to cover the\n\nCorporation Commission’s cost of administration of the requirements\n\nof Section 551 et seq. of this title.","path":["OK Code","Title 52"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os52.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"4074d3e7da47ec1209003aec426d3a6ed9b01a12fdecf36f059ebd4b5be83191","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-52-52-553","next":"us-ok/okla.-stat.-tit.-52-52-555"},"notice":"GroundRules: Original legal text. Not legal advice."}