Oklahoma § 60-679 - Proceeding to compel delivery - Costs of examinations or

§ 60-679. Proceeding to compel delivery - Costs of examinations or

investigations.

Oklahoma Statutes - Title 60. Property

A. The State Treasurer may bring an action in a court of

appropriate jurisdiction to enforce the Uniform Unclaimed Property

Act.

B. The actual cost of any examination or investigation incurred

by the State Treasurer in administering any provision of the Uniform

Unclaimed Property Act may be borne by the holder examined or

investigated, provided that in no case may the charges exceed the

value of the property found to be reportable and deliverable as a

result of the examination, and either:

1. A written demand for a report shall have been made and not

forthcoming in time specified in Section 678 of this title;

2. A report has not been received, and the examination or

investigation by the State Treasurer establishes that the holder

willfully or without reasonable cause has failed to report property

reportable under the Uniform Unclaimed Property Act and property

reportable thereunder is discovered by such examination or

investigation; or

3. A report has been received and the examination or

investigation by the State Treasurer establishes that the holder

willfully or without reasonable cause has failed to report

additional property reportable under the Uniform Unclaimed Property

Act.

C. The cost of examination made pursuant to subsection C of

Section 678 of this title may be imposed only against the business

association.

Added by Laws 1967, c. 107, § 29, emerg. eff. April 24, 1967.

Amended by Laws 1991, c. 331, § 35, eff. Sept. 1, 199; Laws 1999, c.

10, § 27, eff. July 1, 1999.