Oklahoma § 84-276 - Sale of property

§ 84-276. Sale of property

In case a judgment is rendered in favor of the state in such

proceedings, a writ shall be issued to the sheriff, or any

constable, of the proper county commanding the seizure of such

property, and if the same be personal property, it shall be sold at

public auction in the manner provided by law for the sale of

property of like kind under execution; if the property be real

estate, minerals or mineral interests, it shall be sold under the

order of the court by the sheriff or a constable of the county, and

the proceeds, less the costs and attorney's fees taxed by the court,

shall be paid to the Treasurer of the state; provided, however, that

any proceeds paid to the Treasurer resulting from a sale of minerals

deemed abandoned pursuant to Sections 658.1 and 658.1A of Title 60

of the Oklahoma Statutes and Section 271.1 of this title shall be

treated as proceeds subject to the Uniform Unclaimed Property Act.

No real estate or mineral interest shall be sold by the sheriff (or

constable) at less than the minimum price to be fixed by the judge

before whom the case was tried, such minimum valuation to be stated

in the notice of sale. Should there be on the day of sale, no bona

Oklahoma Statutes - Title 84. Wills and Succession

fide bid for as high an amount as the valuation fixed by the judge

before whom the case is tried, there shall be no sale, and the writ

or order of sale shall be immediately returned to the court issuing

the same, and thereafter a new writ procured, and if necessary, a

new order of appraisement value fixed by the judge of the court.

R.L.1910, § 8441; Laws 2005, c. 421, § 7, emerg. eff. June 6, 2005.