Oklahoma § 62-285 - Carrying out plan of municipal debt readjustment
Full text of Oklahoma Oklahoma Statutes § 62-285 — Carrying out plan of municipal debt readjustment, with citation guidance and answers to common questions.
§ 62-285. Carrying out plan of municipal debt readjustment
Any municipal corporation or political subdivision of this
state shall carry out the plan or plans of municipal debt
readjustment when and if authorized and approved by said Bankruptcy
Court by refunding the same in the amounts and under the terms of
said plan or plans so approved.
Provided, however, that said plan or plans does not authorize
any greater interest than now provided for municipal securities
under the laws of this state, and
Provided further, that any and all issues of bonds, securities
or warrants authorized under any such plan or plans shall be
conducted in conformity with and under the provisions of the laws of
Oklahoma relating to refunding of municipal indebtedness, and
Provided further, that all creditor municipal corporations, as
well as debtor municipal corporations of this state, shall be bound
by the final decree of said Bankruptcy Court confirming the plan of
readjustment of the debtor corporation.
Laws 1935, p. 123, § 4.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 62-285
What does Oklahoma Statutes § 62-285 cover?
Section 62-285 ("Carrying out plan of municipal debt readjustment") 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 § 62-285?
A common citation format is "Oklahoma Statutes § 62-285" (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 § 62-285 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.