Oklahoma § 59-1504 - Applications - Contents - Bonds - Statutory agent
Full text of Oklahoma Oklahoma Statutes § 59-1504 — Applications - Contents - Bonds - Statutory agent, with citation guidance and answers to common questions.
§ 59-1504. Applications - Contents - Bonds - Statutory agent
A. Applications for a pawnshop license shall be under oath and
shall state the full name and place of residence of the applicant.
If the applicant is a partnership, the full name and place of
residence of each member thereof shall be stated. If the applicant
is a corporation, the full name and place of residence of each
officer or major stockholder thereof shall be stated. The
application shall give the approximate location from which the
business is to be conducted, and shall contain such relevant
information as the Administrator may require.
Oklahoma Statutes - Title 59. Professions and Occupations
B. Each applicant for a pawnshop license at the time of filing
application shall file with the Administrator a bond satisfactory to
him and in the amount of Five Thousand Dollars ($5,000.00) for each
license with a surety company qualified to do business in this
state. The said bond shall run to the state for the use of the
state and of any person or persons who may have cause of action
against the obligor of said bond under the provisions of this act.
Such bond shall be conditioned that the obligor will comply with the
provisions of this act and of all rules and regulations lawfully
made by the Administrator hereunder, and will pay to the state and
to any such person or persons any and all amounts of money that may
become due or owing to the state or to such person or persons from
said obligor under and by virtue of the provisions of this act
during the time such bond is in effect.
C. Each licensee shall maintain on file with the Administrator
a written appointment of a resident of this state as his agent for
service of all judicial or other process or legal notice, unless the
licensee has appointed an agent under another statute of this state.
In case of noncompliance, such service may be made on the
Administrator.
Laws 1972, c. 255, § 4.
Frequently Asked Questions About Oklahoma § 59-1504
What does Oklahoma Statutes § 59-1504 cover?
Section 59-1504 ("Applications - Contents - Bonds - Statutory 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 § 59-1504?
A common citation format is "Oklahoma Statutes § 59-1504" (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 § 59-1504 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.