Oklahoma § 18-1112
Full text of Oklahoma Oklahoma Statutes § 18-1112, with citation guidance and answers to common questions.
§ 18-1112.
Sale of Perishable or Deteriorating Property.
SALE OF PERISHABLE OR DETERIORATING PROPERTY
Whenever the property of a corporation is at the time of the
appointment of a receiver or trustee encumbered with liens of any
character, and the validity, extent or legality of any lien is
disputed or brought in question, and the property of the corporation
is of a character which will deteriorate in value pending the
litigation respecting the lien, the district court may order the
receiver or trustee to sell the property of the corporation, clear
of all encumbrances, at public or private sale, for the best price
that can be obtained therefor, and pay the net proceeds arising from
the sale thereof after deducting the costs of the sale into the
district court, there to remain subject to the order of the district
court, and to be disposed of as the district court shall direct.
Added by Laws 1986, c. 292, § 112, eff. Nov. 1, 1986.
Frequently Asked Questions About Oklahoma § 18-1112
What does Oklahoma Statutes § 18-1112 cover?
Section 18-1112 is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 18-1112?
A common citation format is "Oklahoma Statutes § 18-1112" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 18-1112 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.