Oklahoma § 60-671 - Insufficiency of reserve
Full text of Oklahoma Oklahoma Statutes § 60-671 — Insufficiency of reserve, with citation guidance and answers to common questions.
§ 60-671. Insufficiency of reserve
If, at any time, the reserve as provided for in the Uniform
Unclaimed Property Act is insufficient to pay in full established
claims, the State Treasurer immediately shall:
1. Redetermine, on the basis of past experience, the percentage
necessary to be maintained in the reserve; and
2. Cease to make any payments to the General Revenue Fund
until:
a.
all validly established claims as provided for in the
Uniform Unclaimed Property Act have been paid, and
b.
there is accumulated in the reserve the sum required
to be kept therein under the redetermination,
whereupon the State Treasurer shall resume payments to
the General Revenue Fund in accordance with the terms
of the Uniform Unclaimed Property Act.
Added by Laws 1967, c. 107, § 21, emerg. eff. April 24, 1967.
Amended by Laws 1984, c. 107, § 3, emerg. eff. April 9, 1984; Laws
1991, c. 331, § 28, eff. Sept. 1, 1991; Laws 1999, c. 10, § 18, eff.
July 1, 1999.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 60-671
What does Oklahoma Statutes § 60-671 cover?
Section 60-671 ("Insufficiency of reserve") 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 § 60-671?
A common citation format is "Oklahoma Statutes § 60-671" (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 § 60-671 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.