SECTION 735:80-1-7. Relief from liability by payment or delivery

  OST shall assume custody of the unclaimed property remitted or delivered and shall be responsible for its safekeeping. OST shall protect the interests of the holder or Unclaimed Property Division of any reporting state to the extent of the value of property remitted or delivered. If any holder or state has paid the amount of unclaimed property to a rightful owner, OST shall, upon receipt of proof of payment to the rightful owner, reimburse the holder or the state for the amount of payment. An affidavit, in lieu of proof of payment, submitted by any holder or state will be considered sufficient proof of the facts to receive reimbursement from OST.

[Source: Transferred from 710:80-1-7 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]