Oklahoma Statutes

Okla. Stat. tit. 60, § 663 (2026)

Payment or delivery of abandoned property

✓ current as of July 2026

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A. A person who is required to file a report under Section 661 of this title shall at the same time pay or deliver to the State Treasurer all abandoned property required to be reported after first deducting therefrom expenses incurred in the mailing of notices required by subsection E of Section 661 of this title and any offsets as provided by law. Any funds or property subject to aggregate reporting shall be delivered at the same time as the report. B. A holder may file a written explanation of an error in the presumption of abandonment of any previously reported and paid or delivered property. If the property has not been claimed by the owner and the State Treasurer is satisfied an error has been made, a refund of the payment or delivery of the property shall be made to the holder. C. The holder of an ownership interest under Section 655 of this title shall deliver a duplicate certificate or other evidence of ownership if the holder does not issue certificates of ownership to the State Treasurer. Upon delivery of a duplicate certificate to the State Treasurer, the holder and any transfer agent, registrar, or other person acting for or on behalf of a holder in executing or delivering the duplicate certificate is relieved of liability as provided in Section 664 of this title to every person, including any person acquiring the original certificate or the duplicate of the certificate issued to the State Treasurer, for losses or damages resulting to any person by the issuance and delivery to the State Treasurer of the duplicate certificate. D. Property removed from a safe deposit box or other safekeeping depository is received by the State Treasurer subject to the right of the holder to be reimbursed for the cost of the opening and to any valid lien or contract providing for the holder to be reimbursed for unpaid rent or storage charges. The State Treasurer shall reimburse the holder out of the proceeds remaining after deducting the expenses incurred by the State Treasurer in selling the property. The liability of the State Treasurer for this reimbursement to the holder shall be limited to the proceeds of the sale remaining after deducting the expenses incurred by the State Treasurer. Added by Laws 1967, c. 107, § 13, emerg. eff. April 24, 1967. Amended by Laws 1991, c. 331, § 22, eff. Sept. 1, 1991; Laws 1999, c. 10, § 9, eff. July 1, 1999; Laws 2003, c. 224, § 8, eff. July 1, 2003; Laws 2004, c. 318, § 4, eff. July 1, 2004; Laws 2005, c. 124, § 3, eff. Nov. 1, 2005; Laws 2008, c. 108, § 4, emerg. eff. May 2, 2008.

Notes of Decisions

Cited in 4 cases, 1990–2016 · leading case: Lincoln Bank & Trust Co. v. Oklahoma Tax Comm'n, 827 P.2d 1314 (Okla. 1992).

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Lincoln Bank & Trust Co. v. Oklahoma Tax Comm'n, 827 P.2d 1314 (Okla. 1992). · cites it 2× “See 60 O.S.1981 § 663, whose pertinent terms provide: "Every person who has filed a report .”

Merrill v. Oklahoma Tax Comm'n, 831 P.2d 634 (Okla. 1992). · cites it 2× “See 60 O.S.1981 § 663, whose pertinent terms are: "Every person who has filed a report .”

Alabama v. Bowsher, 734 F. Supp. 525 (D.D.C. 1990). “1989); Okla.Stat. tit. 60, § 663 (1971 & Supp. 1989); 72 Pa.”

Dani v. Miller, 2016 OK 35 (Okla. 2016). · cites it 2× “¶14 The holders of abandoned property, upon filing the required report, are also required to pay or deliver the abandoned property to the State Treasurer, 60 O.S. 2011 § 663, and are relieved from liability once they have done so and the State assumes custody and responsibility…”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.