Oklahoma § 59-1502 - Definitions
Full text of Oklahoma Oklahoma Statutes § 59-1502 — Definitions, with citation guidance and answers to common questions.
§ 59-1502. Definitions
As used in this act:
1. "Administrator" means the Administrator of Consumer Affairs
defined in the Uniform Consumer Credit Code.
2. "Month" means that period of time from one date in a
calendar month to the corresponding date in the following calendar
month, but if there is no such corresponding date, then the last day
of such following month, and when computations are made for a
fraction of a month, a day shall be one-thirtieth (1/30) of a month.
3. "Pawnbroker" means a person engaged in the business of making
pawn transactions.
4. "Pawn finance charge" means the sum of all charges, payable
directly or indirectly by the customer and imposed directly or
indirectly by the pawnbroker as an incident to the pawn transaction.
5. "Pawnshop" means the location at which or premises in which a
pawnbroker regularly conducts business.
6. "Pawn transaction" means the act of lending money on the
security of pledged goods or the act of purchasing tangible personal
property on condition that it may be redeemed or repurchased by the
seller for a fixed price within a fixed period of time.
7. "Person" means an individual, partnership, corporation,
joint venture, trust, association or any other legal entity however
organized.
8. "Pledged goods" means tangible personal property other than
choses in action, securities or printed evidences of indebtedness,
which property is deposited with or otherwise actually delivered
into the possession of a pawnbroker in the course of his business
in connection with a pawn transaction.
Added by Laws 1972, c. 255, § 2.
Frequently Asked Questions About Oklahoma § 59-1502
What does Oklahoma Statutes § 59-1502 cover?
Section 59-1502 ("Definitions") 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 § 59-1502?
A common citation format is "Oklahoma Statutes § 59-1502" (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 § 59-1502 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.