Oklahoma § 61-137 - Termination of certain unperformed contracts
Full text of Oklahoma Oklahoma Statutes § 61-137 — Termination of certain unperformed contracts, with citation guidance and answers to common questions.
§ 61-137. Termination of certain unperformed contracts
Any contract which has been bid under the provisions of the
Public Competitive Bidding Act, Section 101 et seq. of Title 61 of
the Oklahoma Statutes, and on which no work has been performed and
no formal claim or litigation has been pending within the last
twenty-four (24) months shall be terminated by the public agency
which awarded the contract. After termination, the public agency
shall determine the amount of any final payment due to the
contractor and shall make such payment to the contractor at the
contractor's last-known address, or if the public agency is unable
to locate the contractor, the amount due shall be held in a separate
account by the State Treasurer in the name of the contractor.
Termination of the contract and payment to the contractor or deposit
of the funds due to the contractor as determined by the public
agency shall release the public agency from any further liability to
the contractor or surety company. Any such funds held by the State
Treasurer for the contractor which are not claimed by the contractor
within thirty-six (36) months from the date of deposit with the
State Treasurer shall be deposited in the General Revenue Fund and
the state shall have no further liability on the project to the
contractor or surety company.
Added by Laws 1992, c. 239, § 6, emerg. eff. May 19, 1992.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 61-137
What does Oklahoma Statutes § 61-137 cover?
Section 61-137 ("Termination of certain unperformed contracts") 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 § 61-137?
A common citation format is "Oklahoma Statutes § 61-137" (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 § 61-137 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.