Oklahoma Administrative Code
Title 735 - State Treasurer
Chapter 80 - Unclaimed Property
Subchapter 11 - Field Audit
Part 13 - UTILITIES
Section 735:80-11-35 - Utilities; field audits

Universal Citation: OK Admin Code 735:80-11-35

Current through Vol. 42, No. 1, September 16, 2024

(a) Utility companies shall be examined under any or all of the circumstances defined in 735:80-11-2.

(b) The following categories of property normally held by a utility company shall be subject to reporting under the Unclaimed Property Act:

(1) Outstanding or unclaimed expense and vendor checks, payroll checks, and refund checks;

(2) Deposits made to insure payment of utility services, together with any interest thereon;

(3) Unclaimed stock and dividends;

(4) Unidentified remittances;

(5) Any other intangible personal property not otherwise covered by the Act.

(c) Property subject to the Unclaimed Property Act shall not be presumed abandoned unless it has remained unclaimed for the statutory period of time.

Transferred from 710:80-11-35 at 60 O.S., § 688, eff 7-1-99 (see Editor's Notice published at 17 Ok Reg 217)

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