Oklahoma § 8-17 - Investment of surplus funds - Tax exemption - Preservation
Full text of Oklahoma Oklahoma Statutes § 8-17 — Investment of surplus funds - Tax exemption - Preservation, with citation guidance and answers to common questions.
§ 8-17. Investment of surplus funds - Tax exemption - Preservation
of properties and funds.
Any surplus funds which said corporation may have in its
treasury shall be invested by the board of directors in some
perfectly secure real estate or securities, all of which shall be
exempt from taxation, as is the property of other public
corporations, and the board of directors shall exercise the best of
care in the preservation of said properties and funds and the
accumulation thereof, to the end that provisions may be made for the
perpetual maintenance of said cemetery and the improvement,
embellishing, beautifying and taking care thereof, for which
purposes all of the funds of said corporation, after the payment of
its debts, shall at all times be subject, to be applied.
R.L.1910, § 395.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 8-17
What does Oklahoma Statutes § 8-17 cover?
Section 8-17 ("Investment of surplus funds - Tax exemption - Preservation") 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 § 8-17?
A common citation format is "Oklahoma Statutes § 8-17" (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 § 8-17 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.