{"data":{"id":"us-ok/okla.-stat.-tit.-58-58-693","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 58, § 58-693","heading":"Disposition of monies due minor without guardian - Person","body":"whose whereabouts is unknown - Person refusing to accept and receipt\n\n- Investment of funds - Dead heirs or legatees.\n\nA. Whenever a final account and order of distribution shall\n\ndirect the payment of monies to a minor, and no person shall within\n\nninety (90) days thereafter become the legal and qualified guardian\n\nfor the minor, so that the executor or administrator may be\n\ndischarged, the executor or administrator shall make an application\n\nto the court for permission to prepare an order directing the county\n\ntreasurer to:\n\n1. Specify a bank or financial institution within this state\n\nwhere the funds will be deposited; and\n\n2. State the specified term for when the funds will be released\n\nto the legally qualified guardian of the minor, or released to the\n\nminor upon his or her eighteenth birthday.\n\nUpon receipt of the order, the court clerk shall make a\n\ntemporary deposit in the case, and forward the court’s order to the\n\ncounty treasurer for deposit of the funds in the specified\n\ninstitution for the specified term, with the same effect as though\n\ntaken from a legally qualified guardian of the minor; and the\n\ntreasurer shall hold the monies in trust for the minor until a\n\nguardian shall be appointed and call for the same, or until the\n\nminor shall become of age and demand the same; provided, that all\n\nthe monies in the hands of the treasurer at the expiration of the\n\ntreasurer’s term of office must be turned over to the successor in\n\noffice.\n\nB. Whenever a final account and order of distribution shall\n\ndirect the payment of monies to a legatee, heir, creditor, or\n\nclaimant, whose address or whereabouts is not known, or who will not\n\naccept and receipt for such monies within ninety (90) days\n\nthereafter, so that the executor or administrator may be discharged,\n\nthe court may direct the executor or administrator to prepare an\n\norder directing the county treasurer to make the deposit of funds in\n\na specified institution and for a specified term. Upon receipt of\n\nthe order, the court clerk shall make a temporary deposit in the\n\ncase, and forward the court’s order to the county treasurer for\n\ndeposit of the funds in a specified institution for a specified\n\nterm, with the same effect as though taken from the person; and the\n\ntreasurer shall hold the monies in trust for the person until a\n\nlegal or personal representative shall demand and accept the same;\n\nprovided, that all such monies in the hands of the treasurer at the\n\nexpiration of the treasurer’s term of office must be turned over to\n\nthe successor in office.\n\nC. In the event no person qualified to receive money deposited\n\nwith the court clerk makes demand therefor within thirty (30) days\n\nafter receipt by the court clerk and the deposit is in excess of One\n\nHundred Dollars ($100.00), the court clerk is authorized and\n\ndirected to invest such funds in one or more savings accounts or\n\ncertificates of deposit in a bank or savings and loan association\n\nwhose deposits are insured by an agency of the federal government.\n\nWhen the person legally entitled thereto makes request upon the\n\ncourt clerk, the account or fund, together with all accumulations,\n\nshall be paid over to the person legally entitled thereto upon the\n\ncourt clerk taking a receipt in full for such payment, which receipt\n\nshall be filed in and become a part of the records of the case.\n\nD. Whenever a final account and order of distribution based\n\nthereon shall direct the payment of monies to an heir or legatee who\n\nhas died during the pendency of the probate proceedings, and no\n\nperson shall within ninety (90) days thereafter become the legal and\n\nqualified personal representative of the deceased heir or legatee,\n\nso that the executor or administrator may be discharged, the court\n\nmay make an order directing the executor or administrator to deposit\n\nsuch money in the hands of the court clerk, taking a receipt\nas died during the pendency of the probate proceedings, and no\n\nperson shall within ninety (90) days thereafter become the legal and\n\nqualified personal representative of the deceased heir or legatee,\n\nso that the executor or administrator may be discharged, the court\n\nmay make an order directing the executor or administrator to deposit\n\nsuch money in the hands of the court clerk, taking a receipt\n\ntherefor, with the same effect as though taken from a legally\n\nqualified personal representative of the heir or legatee; and the\n\nclerk shall hold such monies in trust until a personal\n\nrepresentative shall demand and accept the same; provided, that all\n\nsuch monies in the hands of the court clerk at the expiration of the\n\ncourt clerk’s term of office must be turned over to the successor in\n\noffice.","path":["OK Code","Title 58"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os58.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"1dbfe45ba74ec37484f7f49bd0bdb662f399e867e5e3498ef6028189b503c381","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-58-58-692.1","next":"us-ok/okla.-stat.-tit.-58-58-694"},"notice":"GroundRules: Original legal text. Not legal advice."}