Oklahoma § 60-683.1 - Exchange of information with other states - Reports –

§ 60-683.1. Exchange of information with other states - Reports –

Continuation of agreements - Joint enforcement of act.

A. The State Treasurer may enter into agreements with other

states to exchange information needed to enable this or another

state to audit or otherwise determine unclaimed personal property

that it or another state may be entitled to subject to a claim of

custody. The State Treasurer by rule may require the reporting of

information needed to enable compliance with agreements made under

this section and prescribe the form. Any agreements entered into by

the Oklahoma Tax Commission which are in effect on the date the

responsibilities of the Uniform Unclaimed Property Act are

transferred to the State Treasurer shall be effective agreements of

the State Treasurer until such time as the State Treasurer chooses

to amend, repeal or modify them. All powers and duties of the

Oklahoma Tax Commission or references to the Oklahoma Tax Commission

Oklahoma Statutes - Title 60. Property

within such rules shall be deemed to be powers and duties of the

State Treasurer or references to the State Treasurer.

B. To avoid conflicts between the procedures in effect in this

state and the procedures in other jurisdictions that enact the

Uniform Unclaimed Property Act, the State Treasurer, so far as it is

consistent with the purposes, policies, and provisions of the

Uniform Unclaimed Property Act, before promulgating, amending, or

repealing rules, shall advise and consult with administrators in

other jurisdictions that enact substantially the Uniform Unclaimed

Property Act and take into consideration the rules of administrators

in other jurisdictions that enact the Uniform Unclaimed Property

Act.

C. The State Treasurer may join with other states to seek

enforcement of the Uniform Unclaimed Property Act against any person

who is or may be holding property reportable under the Uniform

Unclaimed Property Act.

D. At the request of another state, the Attorney General of

this state may bring an action in the name of the other state in any

court of competent jurisdiction to enforce the unclaimed property

laws of the other state against a holder in this state of property

subject to escheat or a claim of abandonment by the other state, if

the other state has agreed to pay expenses incurred by the Attorney

General in bringing the action.

E. The State Treasurer may request that the Attorney General of

another state or any other person bring an action to enforce the

Uniform Unclaimed Property Act in the other state. This state shall

pay all expenses including attorney fees in an action under this

subsection. The State Treasurer may agree to pay the person

bringing the action attorney fees based in whole or in part on a

percentage of the value of property recovered in the action. Any

expenses paid pursuant to this subsection may not be deducted from

the amount that is subject to a claim by the owner under the Uniform

Unclaimed Property Act.

Added by Laws 1991, c. 331, § 40, eff. Sept. 1, 1991. Amended by

Laws 1999, c. 10, § 31, eff. July 1, 1999.