Oklahoma § 36-4903 - Bail bond surety companies - Reserve funds
Full text of Oklahoma Oklahoma Statutes § 36-4903 — Bail bond surety companies - Reserve funds, with citation guidance and answers to common questions.
§ 36-4903. Bail bond surety companies - Reserve funds
All surety companies which execute undertakings of bail shall
keep any moneys collected from agents licensed pursuant to Section
1303 of Title 59 of the Oklahoma Statutes as buildup or reserve
funds in segregated interest-bearing trust accounts within this
state in an entity which is insured either by the Federal Deposit
Insurance Corporation or the Federal Savings and Loan Insurance
Corporation.
The interest-bearing trust accounts shall not be pledged or
offered as collateral.
The moneys in the interest-bearing trust accounts shall be used
to satisfy the unfulfilled obligations of the undertakings of bail
written by the agents from whom the moneys have been collected and
to otherwise satisfy the unfulfilled obligations which may be owing
to the surety by such agents.
Added by Laws 1987, c. 211, § 1 eff. Nov. 1, 1987.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 36-4903
What does Oklahoma Statutes § 36-4903 cover?
Section 36-4903 ("Bail bond surety companies - Reserve funds") 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 § 36-4903?
A common citation format is "Oklahoma Statutes § 36-4903" (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 § 36-4903 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.