Oklahoma § 53-5.2

§ 53-5.2.

Repealed by Laws 2003, c. 289, § 11, eff. Nov. 1, 2003.

§53-5.2a. Sale of surplus property.

The Oklahoma Historical Society is authorized to sell surplus

property at fair market value as determined by the Board of

Directors of the Oklahoma Historical Society. The process for the

sale and transfer of title shall originate with the Board. The

Oklahoma Historical Society shall be exempt from Section 62.1 et

seq. of Title 74 of the Oklahoma Statutes for the purpose of selling

surplus property. All proceeds from the sale of the property shall

be deposited into the Oklahoma Historical Society Revolving Fund.

Added by Laws 2003, c. 289, § 10, eff. Nov. 1, 2003.

Oklahoma Statutes - Title 53. Oklahoma Historical Societies and Associations

§53-5.2b. Authorization to transfer ownership of historic

properties

The Oklahoma Historical Society is hereby authorized to transfer

ownership of historic properties, both real and tangible, to

appropriate organizations or groups who agree to maintain the

properties in the best interest of historic preservation and who pay

fair market value for such property. Notwithstanding Section 5.2a

of Title 53 of the Oklahoma Statutes, when property by the Society

is declared surplus, or is determined to be beyond the means of the

Society to maintain properly, the Society shall first offer the

property for sale at fair market value to the original donor, even

if a reversionary clause is not included in the gift agreement. If

a donor cannot be identified, the property may be offered for sale

at fair market value to an appropriate not-for-profit organization

or a federally recognized Indian tribe that agrees to maintain the

property through a formal written contract which provides for

compensation, and may include in-kind, in the form of maintenance

and preservation agreements. The process for the sale and transfer

of title shall originate with the Oklahoma Historical Society Board

of Directors. The authorization to sell this property pursuant to

this section shall be exempt from the Oklahoma Surplus Property Act

as well as Sections 327 and 327.1 of Title 61 of the Oklahoma

Statutes.

Added by Laws 2016, c. 309, § 1, emerg. eff. May 16, 2016.