Oklahoma § 60-684.1 - Recovery of property by another state

§ 60-684.1. Recovery of property by another state

A. At any time after personal property has been paid or

delivered to the State Treasurer under the Uniform Unclaimed

Property Act, another state may recover the property if:

1. The property was subjected to custody by this state because

the records of the holder did not reflect the last-known address of

the apparent owner when the property was presumed abandoned under

the Uniform Unclaimed Property Act, and the other state establishes

that the last-known address of the apparent owner or other person

entitled to the property was in that state and under the laws of

that state the property escheated to or was subject to a claim of

abandonment by that state;

2. The last-known address of the apparent owner or other person

entitled to the property, as reflected by the records of the holder,

is in the other state and under the laws of that state the property

has escheated to or become subject to a claim of abandonment by that

state;

3. The records of the holder were erroneous in that they did

not accurately reflect the actual owner of the property and the

last-known address of the actual owner is in the other state and

under the laws of that state the property escheated to or was

subject to a claim of abandonment by that state;

4. The property was subjected to custody by this state under

subsection (f) of Section 659 of this title and under the laws of

the state of domicile of the holder the property has escheated to or

become subject to a claim of abandonment by that state; or

5. The property is the sum payable on a travelers check, money

order, or other similar instrument that was subjected to custody by

this state under Section 651.2 of this title, and the instrument was

purchased in the other state, and under the laws of that state the

property escheated to or became subject to a claim of abandonment by

that state.

B. The claim of another state to recover escheated or abandoned

property must be presented in a form prescribed by the State

Treasurer, which shall decide the claim within ninety (90) days

Oklahoma Statutes - Title 60. Property

after it is presented. The State Treasurer shall allow the claim if

the State Treasurer determines that the other state is entitled to

the abandoned property under subsection A of this section.

C. The State Treasurer shall require a state, before recovering

property under this section, to agree to indemnify this state and

its officers and employees against liability on a claim for the

property.

Added by Laws 1991, c. 331, § 42, eff. Sept. 1, 1991. Amended by

Laws 1999, c. 10, § 32, eff. July 1, 1999.