Oklahoma § 12-775 - Execution on judgment in favor of state - Purchase by

§ 12-775. Execution on judgment in favor of state - Purchase by

state - Resale - Disposition of funds received.

In all civil actions wherein the State of Oklahoma, as

plaintiff, has heretofore or may hereafter recover judgment, and

where, in any such action an execution has or may be issued, the

State of Oklahoma, through the officer or officers on whose relation

the action was brought, may bid at such execution sale, and buy said

property offered for sale, for any amount not to exceed the amount

of the judgment in such action, said amount to be credited upon the

judgment.

And further, when such property offered for sale at execution is

bought by the State of Oklahoma, said property may be sold for the

state by the officer or officers upon whose relation the state was

party plaintiff, and further provided that at such execution sales

the attorney or attorneys representing the State of Oklahoma may bid

for the state, not to exceed the amount of the judgment, provided,

however, that said bid is not more than One Hundred Dollars

($100.00) higher than the next best bid, and if there be no other

bidder, then not to exceed One Hundred Dollars ($100.00).

And further provided that in disposing of such property so

acquired, if it be personal property the officer or successor of the

officer upon whose relation the State of Oklahoma was plaintiff may

sell said property by executing a good and sufficient bill of sale,

to be attested by the Secretary of State. And in disposing of real

property so acquired or any interest or equity therein, the officer

or successor in office on whose relation the state was party

plaintiff may execute in the name of the State of Oklahoma by said

officer a good and sufficient deed, to be attested by the Secretary

of the State of Oklahoma. Provided, however, that in no event shall

any sale be valid under this act for any amount less than the amount

for which said property was originally bid in by the state. The

funds obtained upon the sale of any such property shall be placed in

the fund for which the judgment was obtained.

Added by Laws 1941, p. 37, § 1.