Oklahoma Administrative Code
Title 735 - State Treasurer
Chapter 80 - Unclaimed Property
Subchapter 3 - Reporting Requirements
Part 5 - BUSINESS ASSOCIATIONS
Section 735:80-3-15 - Business associations; reporting requirements
Current through Vol. 42, No. 1, September 16, 2024
(a) Unless owner contact can be established and documented to the satisfaction of OST, all unclaimed stock (undeliverable and underlying shares) certificates, including the shares distributable as a result of a stock dividend or stock split, shall be reissued in the name of the Oklahoma State Treasurer and delivered to the securities custodian designated by OST.
(b) The responsibility for filing an unclaimed property report is placed on a business association if it is incorporated in this state, or if it is doing business in this state but incorporated in another state, or if it is an unincorporated business association doing business in Oklahoma, and its records show that the last known address of the owner is in this state. If the owner is unknown or owner's last known address is unknown, report requirement is placed on a business association if it is incorporated in Oklahoma or, in the case of an unincorporated business association, if its principal place of business is in Oklahoma.
(c) For purposes of this Section, the association is the holder of undelivered shares of stock or other intangible ownership interest.
Transferred from 710:80-3-15 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 19 Ok Reg 2476, eff 6-27-02; Amended at 24 Ok Reg 2420, eff 6-26-07
