Oklahoma § 62-291 - When cancellation authorized
Full text of Oklahoma Oklahoma Statutes § 62-291 — When cancellation authorized, with citation guidance and answers to common questions.
§ 62-291. When cancellation authorized
That any municipality, political corporation or subdivision of
this state, which has issued its bonds for any purpose and after the
issuance or approval of said bonds it is determined that the purpose
for which said bonds were issued has ceased to exist, is hereby
authorized to cancel and destroy said bonds, thereby absolving
itself from any liability for the payment of said bonds, or the
coupons thereto attached, in the manner and under the procedure
provided in Section Two hereof.
Laws 1919, c. 222, p. 318, § 1.
Frequently Asked Questions About Oklahoma § 62-291
What does Oklahoma Statutes § 62-291 cover?
Section 62-291 ("When cancellation authorized") 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 § 62-291?
A common citation format is "Oklahoma Statutes § 62-291" (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 § 62-291 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.