{"data":{"id":"us-ok/okla.-stat.-tit.-60-60-674","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 60, § 60-674","heading":"Claim for abandoned property","body":"A. A person, excluding another state, but including a\n\nclaimant’s representative, claiming an interest in any property paid\n\nor delivered to the State Treasurer may file with the State\n\nTreasurer a claim on a form prescribed by the State Treasurer and\n\nverified by the claimant or the claimant’s representative. The date\n\nof filing of a claim shall be the date it is received by the State\n\nTreasurer with all supporting documentation from the claimant. Any\n\ninformation submitted by a claimant which is required to be\n\nsubmitted to the State Treasurer to establish a claim may be kept\n\nconfidential by the State Treasurer if it contains personal\n\nfinancial information of the claimant, personal identifying\n\ninformation such as the address, date of birth, telephone number or\n\nemail address of the claimant, Social Security numbers, birth\n\ncertificates or similar documents related to the parentage of an\n\nindividual, or any other document which is confidential by statute\n\nif in the custody of another public agency or person. Failure to\n\nuse the claim form prescribed by the State Treasurer shall void the\n\nclaim. The claim form shall require information the State Treasurer\n\nbelieves to be reasonably necessary to administer the requirements\n\nof this section, including, but not limited to:\n\n1. A legible copy of the claimant’s valid driver license;\n\n2. If the claimant has not been issued a valid driver license\n\nat the time the original claim form is filed, a legible copy of a\n\nphotographic identification card of the claimant issued by the\n\nUnited States or a state or territory of the United States, a valid\n\npassport or national identification card issued by a foreign nation,\n\nor other evidence deemed acceptable by the State Treasurer; and\n\n3. For claims submitted by a claimant’s representative, a duly\n\nexecuted copy of the written agreement between the claimant and the\n\nclaimant’s representative, including a duly executed power of\n\nattorney.\n\nB. The State Treasurer may waive the requirements in subsection\n\nA of this section and may pay or deliver property directly to a\n\nperson if:\n\n1. The person receiving the payment or property is shown to be\n\nthe apparent owner included on a report filed under this title; and\n\n2. The State Treasurer reasonably believes the person is\n\nentitled to receive the payment or property and has validated the\n\nidentity and address of the person receiving the payment or\n\nproperty.\n\nC. The State Treasurer shall consider each claim within ninety\n\n(90) days after it is filed and give written notice to the claimant\n\nand, if the person is utilizing the service of a claimant’s\n\nrepresentative, to the claimant’s representative if the claim is\n\ndenied in whole or in part. The notice may be given by email\n\nnotification or by mailing it to the claimant’s representative, if\n\nany, and to the claimant’s last-known address, if any, as stated in\n\nthe claim as the address to which notices are to be sent. If no\n\naddress for notices is stated in the claim, the notice may be mailed\n\nto the last-known address, if any, of the claimant as stated in the\n\nclaim. No notice of denial need be given if the claim fails to\n\nstate either the last-known address to which notices are to be sent\n\nor the address of the claimant.\n\nD. If a claim submitted by the claimant is approved, the State\n\nTreasurer shall pay over or deliver to the claimant the property or\n\nthe amount the State Treasurer actually received or the net proceeds\n\nif it has been sold by the State Treasurer, together with any\n\nadditional amount required by Section 665 of this title, but no\n\nperson shall have any claim under this section against the state,\n\nthe holder, any transfer agent, registrar or other person acting for\n\nor on behalf of the state or a holder, for any appreciation or\n\ndepreciation in the value of the property or any earnings that might\n\notherwise accrue, after sale of the property by the State Treasurer.\ntional amount required by Section 665 of this title, but no\n\nperson shall have any claim under this section against the state,\n\nthe holder, any transfer agent, registrar or other person acting for\n\nor on behalf of the state or a holder, for any appreciation or\n\ndepreciation in the value of the property or any earnings that might\n\notherwise accrue, after sale of the property by the State Treasurer.\n\nE. 1. If a claim submitted by a claimant’s representative is\n\napproved, the State Treasurer shall pay or deliver to the claimant\n\nthe balance remaining after deduction and payment of the amount due\n\nto the claimant’s representative by the State Treasurer; provided,\n\nhowever, that any payments made directly to the claimant’s\n\nrepresentative shall be made only pursuant to the terms of the\n\nwritten agreement between the claimant and the claimant’s\n\nrepresentative that was submitted with the claim.\n\n2. The State Treasurer is authorized to make distribution of\n\nthe property or money in accordance with the terms of the agreement.\n\n3. Payments of fees and costs to the claimant’s representative\n\nshall be made by paper check or other means approved by the State\n\nTreasurer on such periodic schedule as the State Treasurer may\n\ndefine; provided, however, payment for approved claims shall be made\n\nto both the claimant and the claimant’s representative within sixty\n\n(60) days of approval.\n\nF. The contents of safe deposit boxes shall be released\n\ndirectly to the claimant, claimant’s representative, or to a\n\ncommercial carrier as provided in the written agreement if\n\nauthorized in writing by the claimant. Any lien owed to the lessor\n\nof the safe deposit box shall be satisfied before the contents of\n\nthe safe deposit box shall be released. At the claimant or\n\nclaimant's representative's option, any lien owed to the lessor of\n\nthe safe deposit box shall be deducted from the value of the\n\ncontents of the safe deposit box obtained at the next scheduled\n\nauction with the remaining value to be distributed in accordance\n\nwith this section.\n\nG. The State Treasurer shall maintain an electronic copy of all\n\nrecords related to the property received by the State Treasurer.\n\nSuch records shall be retained pursuant to the State Treasurer’s\n\nretention schedules as provided by Title 67 of the Oklahoma\n\nStatutes.\n\nH. The State Treasurer shall consider any claim filed under\n\nthis act and, in rendering a determination on the merits of any such\n\nclaim, shall rely on the applicable statutes, regulations, and\n\nrelevant court decisions and may hold a hearing and receive evidence\n\nconcerning the claim. If a hearing is held, the State Treasurer\n\nshall prepare a finding and a decision in writing on each claim\n\nfiled, stating the substance of any evidence heard and the reasons\n\nfor the decision. The decision shall be a public record.\n\nI. If the claim is approved, the State Treasurer shall make\n\npayment pursuant to this section. The claim shall be paid without\n\ndeduction for costs of notice. If a claim is denied, the State\n\nTreasurer may hold a hearing and receive evidence concerning any\n\nunclaimed property claim filed under this act. If a hearing is\n\nheld, the State Treasurer, or his or her representative, shall\n\nconsider evidence that would be admissible in contested cases under\n\nthe Administrative Procedures Act. In any proceeding for\n\ndetermination of a claim to property, the burden shall be upon the\n\nclaimant, or the claimant’s representative, including a claimant’s\n\nrepresentative, to establish entitlement to the property by a\n\npreponderance of evidence.\n\nJ. If a hearing is held, the State Treasurer, or his or her\n\nrepresentative, shall prepare a finding and a decision in writing on\n\neach claim filed, stating the substance of any evidence heard by him\n\nor her and the reasons for his or her decision. The decision shall\n\nbe a public record and deemed the final agency decision.\nto establish entitlement to the property by a\n\npreponderance of evidence.\n\nJ. If a hearing is held, the State Treasurer, or his or her\n\nrepresentative, shall prepare a finding and a decision in writing on\n\neach claim filed, stating the substance of any evidence heard by him\n\nor her and the reasons for his or her decision. The decision shall\n\nbe a public record and deemed the final agency decision.\n\nK. If the claim is approved, the State Treasurer shall make\n\npayment pursuant to paragraph 2 of subsection E of this section.\n\nClaims shall be paid without deduction for costs of notice.","path":["OK Code","Title 60"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os60.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"57e7d545b7ae496fbceb8c626952172b62da7073cacfc2cfcbac4b76e112bff9","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-60-60-672","next":"us-ok/okla.-stat.-tit.-60-60-674.1"},"notice":"GroundRules: Original legal text. Not legal advice."}