Oklahoma § 58-264 - Borrowing money to pay taxes - Mortgage or pledge of
Full text of Oklahoma Oklahoma Statutes § 58-264 — Borrowing money to pay taxes - Mortgage or pledge of, with citation guidance and answers to common questions.
§ 58-264. Borrowing money to pay taxes - Mortgage or pledge of
assets.
Executors and administrators of estates of deceased persons are
authorized to borrow money with which to pay the taxes imposed and
levied by the:
(a) United States upon the transfer of the net
estates of decedents who are citizens and residents of the United
States,
(b) State of Oklahoma upon the transfer of the
net estate of decedents by will or the intestate laws of Oklahoma,
(c) United States and the State of Oklahoma upon
the income of such estates and of the decedents,
Oklahoma Statutes - Title 58. Probate Procedure
and to mortgage or pledge any of the assets of the estate as
security for any such loan. Said executors and administrators are
authorized to borrow money to pay any indebtedness incurred on
behalf of the estate for such purposes and to mortgage or pledge any
of the assets of the estate as security for any such loan.
Laws 1941, p. 230, § 1.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 58-264
What does Oklahoma Statutes § 58-264 cover?
Section 58-264 ("Borrowing money to pay taxes - Mortgage or pledge of") 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 § 58-264?
A common citation format is "Oklahoma Statutes § 58-264" (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 § 58-264 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.