Oklahoma § 60-659 - Additional conditions leading to presumption of

§ 60-659. Additional conditions leading to presumption of

abandonment.

Unless otherwise provided in the Uniform Unclaimed Property Act

or by other statute of this state, intangible personal property is

Oklahoma Statutes - Title 60. Property

subject to the custody of this state as unclaimed property if the

conditions raising a presumption of abandonment under Sections 651.1

and 651.2 through 658.1A of this title are satisfied, and:

1. The last-known address, as shown on the records of the

holder, of the apparent owner is in this state;

2. The records of the holder do not reflect the identity of the

person entitled to the property and it is established that the lastknown address of the person entitled to the property is in this

state;

3. The records of the holder do not reflect the last-known

address of the apparent owner, and it is established that:

a.

the last-known address of the person entitled to the

property is in this state, or

b.

the holder is a domiciliary or a government or

governmental subdivision or agency of this state and

has not previously paid or delivered the property to

the state of the last-known address of the apparent

owner or other person entitled to the property;

4. The last-known address, as shown on the records of the

holder, of the apparent owner is in a state that does not provide by

law for the escheat or custodial taking of the property or its

escheat or unclaimed property law is not applicable to the property,

and the holder is a domiciliary, government, or governmental

subdivision or agency, including a municipality, of this state;

5. The last-known address, as shown on the records of the

holder, of the apparent owner is in a foreign nation and the holder

is a domiciliary or a government or governmental subdivision or

agency of this state; or

6. The transaction out of which the property arose occurred in

this state, and

a.

(1) the last-known address of the apparent owner or

other person entitled to the property is unknown,

or

(2) the last-known address of the apparent owner or

other person entitled to the property is in a

state that does not provide by law for the

escheat or custodial taking of the property or

its escheat or unclaimed property law is not

applicable to the property, and

b.

the holder is a domiciliary of a state that does not

provide by law for the escheat or custodial taking of

the property or its escheat or unclaimed property law

is not applicable to the property.

Added by Laws 1967, c. 107, § 9, emerg. eff. April 24, 1967.

Amended by Laws 1991, c. 331, § 18, eff. Sept. 1, 1991; Laws 2000,

c. 136, § 5, eff. July 1, 2000.

Oklahoma Statutes - Title 60. Property