Oklahoma § 62-351 - Sales of bonds - Minimum net value plus interest
Full text of Oklahoma Oklahoma Statutes § 62-351 — Sales of bonds - Minimum net value plus interest, with citation guidance and answers to common questions.
§ 62-351. Sales of bonds - Minimum net value plus interest
It shall be unlawful for any board of county commissioners,
governing body of any municipality or school district or any other
officer of any such political subdivision of this state, to sell,
agree to sell or contract to sell any bonds issued by a vote of the
people for any sum less than ninety-nine percent (99%) of the face
amount thereof with accrued interest added, and any and all
commission allowed any firm, person or corporation for the sale of
such bonds must, after being deducted from the sum total for which
said bonds are sold, leave in the treasury the sum equal to at least
ninety-nine percent (99%) of the face value of the bonds and accrued
interest thereof.
Laws 1913, c. 165, p. 379, § 1. Amended by Laws 2001, c. 108, § 1,
eff. July 1, 2001.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 62-351
What does Oklahoma Statutes § 62-351 cover?
Section 62-351 ("Sales of bonds - Minimum net value plus interest") 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 § 62-351?
A common citation format is "Oklahoma Statutes § 62-351" (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 § 62-351 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.