Oklahoma Administrative Code
Title 385 - Department of the Commissioners of the Land Office
Chapter 25 - Surface Leasing for Agricultural and Commercial Purposes
Section 385:25-1-10 - Canceled or forfeited lease

When a lease is forfeited, canceled or judicially terminated for nonpayment of rent or violation of contract, the Commissioners may offer the lease to the highest bidder under sealed bid or at public auction. The Commissioners retain the right to collect remaining lease rental less any amounts resulting from mitigation or sale of lessee owned improvements.

Amended at 16 Ok Reg 1451, eff 5-27-99