Oklahoma § 62-261 - Payments to State Treasurer

§ 62-261. Payments to State Treasurer

When any cashier's check or other exchange has been issued by

any state or national bank in the State of Oklahoma, made payable to

the State of Oklahoma or any agency thereof, and such cashier's

check or other exchange has not been presented for payment and paid

by the bank of issue within three (3) years from the date of

issuance, claim of the state thereto is hereby asserted and the bank

of issuance is hereby made the agent of the state, and pursuant to

such agency, the state or national bank issuing the same or the

successor thereof shall pay the amount of any such cashier's check

or other exchange to the State Treasurer under the provisions of the

Uniform Unclaimed Property Act using the same reports as required to

report other forms of property.

In addition to examination by the Office of the State Treasurer

pursuant to the provisions of Section 678 of Title 60 of the

Oklahoma Statutes - Title 62. Public Finance

Oklahoma Statutes, all such banks shall permit the State Auditor and

Inspector or a duly authorized deputy access to their records to

ascertain whether any such cashier’s check or exchange has been

issued and remains outstanding and unpaid.

To the extent discernable, the State Treasurer shall notify the

state agency named in the remittance forms returned by the bank of

the amount and of any other identifying data contained as to each

item named; and upon presentation by such agency to the State

Treasurer of claim duly authenticated and proof of right thereto the

State Treasurer shall draw a voucher or order for the amount thereof

found proper, to be paid to such agency.

Added by Laws 1947, p. 387, § 1, emerg. eff. May 16, 1947. Amended

by Laws 1949, p. 416, § 1, emerg. eff. June 11, 1949; Laws 1979, c.

47, § 59, emerg. eff. April 9, 1979; Laws 2002, c. 95, § 3, eff.

July 1, 2002.