Oklahoma § 60-677 - Declining receipt of property - Delivery of property
Full text of Oklahoma Oklahoma Statutes § 60-677 — Declining receipt of property - Delivery of property, with citation guidance and answers to common questions.
§ 60-677. Declining receipt of property - Delivery of property
before presumed abandoned - Sale of securities.
A. The State Treasurer may decline to receive any property
reported under the Uniform Unclaimed Property Act which the State
Treasurer considers to have a value less than the expense of giving
notice and of sale. The State Treasurer may promulgate rules
pursuant to this subsection.
B. A holder, with the written consent of the State Treasurer
and upon conditions and terms prescribed by the State Treasurer, may
report and deliver property before the property is presumed
abandoned. If a property holder reports and delivers property to
the State Treasurer before it is presumed abandoned under the
Uniform Unclaimed Property Act and it is in the best interest of the
property owner for the property to be treated as abandoned, the
Treasurer shall treat the property as abandoned.
C. The State Treasurer may decline to accept weapons abandoned
in safe deposit boxes which become property subject to the Uniform
Unclaimed Property Act. Such property shall be deposited with a
local sheriff or municipal police department.
D. If a claimant under the Uniform Unclaimed Property Act makes
a verifiable and proper claim, but fails to properly transfer
securities into the claimant's name within ninety (90) days of claim
approval by the State Treasurer, the State Treasurer may, upon
notice to claimant, sell and convert such securities to cash for the
benefit of the claimant.
Added by Laws 1967, c. 107, § 27, emerg. eff. April 24, 1967.
Amended by Laws 1991, c. 331, § 32, eff. Sept. 1, 1991; Laws 1999,
c. 10, § 24, eff. July 1, 1999; Laws 2004, c. 318, § 8, eff. July 1,
2004; Laws 2005, c. 124, § 5, eff. Nov. 1, 2005; Laws 2012, c. 131,
§ 3, eff. Nov. 1, 2012.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 60-677
What does Oklahoma Statutes § 60-677 cover?
Section 60-677 ("Declining receipt of property - Delivery of property") 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 § 60-677?
A common citation format is "Oklahoma Statutes § 60-677" (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 § 60-677 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.