Oklahoma Administrative Code
Title 735 - State Treasurer
Chapter 80 - Unclaimed Property
Subchapter 3 - Reporting Requirements
Part 1 - GENERAL APPLICATION
Section 735:80-3-7 - Requirement to report and remit current balance

Universal Citation: OK Admin Code 735:80-3-7
Current through Vol. 42, No. 1, September 16, 2024

Holders of presumed abandoned intangible property shall annually report and remit all proceeds accrued to date; i.e., the current balance held by the holder. When and if any part of the proceeds has been held for the statutory abandonment period or longer, the holder must report and remit all interest, additions, and increments accrued to the owner's account. Any additional amounts accruing to an owner who has been reported previously will be reported and remitted on an annual basis; i.e., additional amounts from the "as of date" of the previous report year through the "as of date" of the current report year. In no event shall mineral interest proceeds be reported or remitted sooner than six months after the date of the first sale from the applicable well.

Transferred from 710:80-3-7 at 60 O.S., § 688, eff 7-1-99 (see Editor's Notice published at 17 Ok Reg 217); Amended at 17 Ok Reg 2167, eff 6-12-00; Amended at 21 Ok Reg 2879, eff 7-11-04; Amended at 22 Ok Reg 2661, eff 7-11-05

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