Oklahoma § 64-1029 - Cash Journal - Checks and drafts - Endorsement - Penalty

§ 64-1029. Cash Journal - Checks and drafts - Endorsement - Penalty

The Cash Journal shall be balanced daily and the total of the

receipts of each day shall be deposited with the State Treasurer as

now required by the State Depository Law, except that deposits

placed at auction for the sale or lease of lands or minerals pending

finalization of a sale or lease transaction shall be secured by the

Secretary of the Land Office for safekeeping. The deposits held by

Oklahoma Statutes - Title 64. Public Lands

the Secretary shall be paid into the treasury clearing account of

the Commissioners of the Land Office within three (3) business days

following final approval and execution of all required documents

related to the transaction. A deposit shall be returned to the

payor of the deposit within three (3) business days following the

determination by the Commissioners of the Land Office that the

transaction will not be finalized. It shall be the duty of the

Commissioners of the Land Office to notify each debtor to make their

checks, drafts, or other transfer of monies payable to the order of

the Commissioners of the Land Office. The endorsements on the

checks, drafts or other evidence of transfers of monies shall be in

the following words:

"Pay to the order of the Treasury of the State of Oklahoma, for

credit only to the Commissioners of the Land Office". No person,

firm or corporation shall cash or pay out on any check, voucher,

draft, money order or other evidence of transfers of money, or its

equivalent, without the endorsements, and the endorsement of the

State Treasurer appearing thereon.

Any person, firm or corporation knowingly violating this

provision shall be guilty of a Class D3 felony offense and, upon

conviction, shall be punished by a fine of not less than One Hundred

Dollars ($100.00) nor more than One Thousand Dollars ($1,000.00), or

by imprisonment as provided for in subsections B through F of

Section 20P of Title 21 of the Oklahoma Statutes, or by both the

fine and imprisonment. In addition, the person, firm or corporation

shall be civilly liable to the Commissioners of the Land Office for

the use and benefit of the fund which has sustained the loss in

double the amount of the check, voucher, money order, draft or other

evidence of transfer of money, so cashed or paid.

All checks or vouchers drawn against any Special Agency Account

by the Commissioners of the Land Office shall be issued only by the

principal fiscal officer upon written application of the head of the

division of the School Land Department. Each check or voucher shall

be signed in the name of the Commissioners of the Land Office by the

Secretary or in the absence of the Secretary by the Assistant

Secretary and shall be countersigned by the principal fiscal

officer. The form of check or voucher shall be prescribed by the

State Treasurer and shall indicate on its face the purpose for which

drawn, the amount and the account to which chargeable. No check

shall leave the office until protected by use of a machine for

printing amounts on checks, as by perforations, so as to prevent

alterations.

Added by Laws 1933, c. 189, p. 414, § 3, emerg. eff. July 21, 1933.

Amended by Laws 1979, c. 30, § 108, emerg. eff. April 6, 1979; Laws

1997, c. 133, § 543, eff. July 1, 1999; Laws 1999, 1st Ex. Sess., c.

5, § 394, eff. July 1, 1999; Laws 2010, c. 41, § 20, emerg. eff.

April 2, 2010. Renumbered from § 123 of this title by Laws 2010, c.

Oklahoma Statutes - Title 64. Public Lands

41, § 81, emerg. eff. April 2, 2010. Amended by Laws 2013, c. 250,

§ 2, emerg. eff. May 13, 2013; Laws 2025, c. 486, § 741, eff. Jan.

1, 2026.

NOTE: Laws 1998, 1st Ex. Sess., c. 2, § 23 amended the effective

date of Laws 1997, c. 133, § 543 from July 1, 1998, to July 1, 1999.