Oklahoma § 36-3005 - Assets required as condition precedent
Full text of Oklahoma Oklahoma Statutes § 36-3005 — Assets required as condition precedent, with citation guidance and answers to common questions.
§ 36-3005. Assets required as condition precedent
No attorney shall be licensed for the underwriters at a Lloyd's
under this Code unless the net assets, including the guaranty fund
contributed to the attorney, a committee of underwriters, trustees,
or other officers as provided for in the articles of agreement,
shall be at least Two Hundred Thousand Dollars ($200,000.00) in
cash, or other admitted assets.
Laws 1957, p. 361, § 3005.
Frequently Asked Questions About Oklahoma § 36-3005
What does Oklahoma Statutes § 36-3005 cover?
Section 36-3005 ("Assets required as condition precedent") 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 § 36-3005?
A common citation format is "Oklahoma Statutes § 36-3005" (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 § 36-3005 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.