Oklahoma § 60-851 - Nature of developments
Full text of Oklahoma Oklahoma Statutes § 60-851 — Nature of developments, with citation guidance and answers to common questions.
§ 60-851. Nature of developments
The term "real estate development" shall include developments:
1. Which consist or will consist of separately owned lots,
parcels or areas with either or both of the following features:
a.
One or more additional contiguous or noncontiguous
lots, parcels or areas owned in common by the owners
of the separately owned lots, parcels or areas.
b.
Mutual, common or reciprocal interests in or
restrictions upon, all or portions of such separately
owned lots, parcels or areas, or both.
2. The estate in a separately or commonly owned lot, parcel or
area may be an estate of inheritance, estate in fee, an estate for
life, or an estate for years.
Either common ownership of the additional contiguous or
noncontiguous lots, parcels or areas referred to in subparagraph a.
of paragraph 1. above, or the enjoyment of the mutual, common or
reciprocal interests in, or restrictions upon the separately owned
lots, parcels or areas pursuant to subparagraph b. of paragraph 1.
above, or both, may be through ownership of shares of stock or
membership in an owners association or otherwise.
Added by Laws 1975, c. 292, § 1, emerg. eff. June 5, 1975.
Oklahoma Statutes - Title 60. Property
Frequently Asked Questions About Oklahoma § 60-851
What does Oklahoma Statutes § 60-851 cover?
Section 60-851 ("Nature of developments") 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 § 60-851?
A common citation format is "Oklahoma Statutes § 60-851" (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 § 60-851 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.