Oklahoma § 19-33 - Division of assets and liabilities
Full text of Oklahoma Oklahoma Statutes § 19-33 — Division of assets and liabilities, with citation guidance and answers to common questions.
§ 19-33. Division of assets and liabilities
Upon the transfer of territory from a county to a new county or
an existing county, said new county to which said territory is
transferred shall be entitled to such proportionate part of the net
assets of the county from which said territory is taken as the
taxable wealth of the territory so transferred bears to the taxable
wealth of the county from which said territory is taken, but if, as
shown by the current tax rolls, the liabilities of the county from
which said territory is taken shall exceed its resources at the time
of the transfer, the county to which said transfer is made shall pay
to said county that proportionate part of said excess as the taxable
wealth of the territory received bears to the taxable wealth of said
county.
R.L. 1910, § 1509.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 19-33
What does Oklahoma Statutes § 19-33 cover?
Section 19-33 ("Division of assets and liabilities") 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 § 19-33?
A common citation format is "Oklahoma Statutes § 19-33" (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 § 19-33 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.