Oklahoma § 58-497 - Contract with agent to procure purchaser
Full text of Oklahoma Oklahoma Statutes § 58-497 — Contract with agent to procure purchaser, with citation guidance and answers to common questions.
§ 58-497. Contract with agent to procure purchaser
The district court may authorize the executor or administrator
of any estate to enter into a written contract with any bona fide
agent to secure a purchaser for any real or personal property of the
estate, which contract shall provide for the payment to such agent,
out of the proceeds of a sale to any purchaser secured by him, of a
commission, the amount of which must be fixed and allowed by the
court upon confirmation of the sale; and when said sale is confirmed
to such purchaser, such contract shall be binding and valid as
against the estate for the amount so allowed by the court. By the
execution of any such contract no personal liability shall attach to
the executor or administrator, and no liability of any kind shall be
incurred by the estate unless an actual sale is made and confirmed
by the court.
Laws 1953, p. 252, § 1.
Frequently Asked Questions About Oklahoma § 58-497
What does Oklahoma Statutes § 58-497 cover?
Section 58-497 ("Contract with agent to procure purchaser") 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 § 58-497?
A common citation format is "Oklahoma Statutes § 58-497" (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 § 58-497 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.