Oklahoma § 58-499 - Sale on increased bid procured by agent
Full text of Oklahoma Oklahoma Statutes § 58-499 — Sale on increased bid procured by agent, with citation guidance and answers to common questions.
§ 58-499. Sale on increased bid procured by agent
Where an original bid is made by a purchaser direct to the
estate and, thereafter, at the time of hearing the return of sale
containing the original bid, an increased bid is made by a bona fide
agent which results in the confirmation and sale of the property at
such increased bid, the court shall allow a commission to the agent
who procured the increased bid, which commission shall be fixed by
the court at such amount as the court, in its discretion, finds will
be a reasonable compensation for the services of the agent to the
estate.
Laws 1953, p. 253, § 3.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 58-499
What does Oklahoma Statutes § 58-499 cover?
Section 58-499 ("Sale on increased bid procured by agent") 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 § 58-499?
A common citation format is "Oklahoma Statutes § 58-499" (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 § 58-499 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.