SECTION 735:80-7-5. Holder reimbursement

Latest version.

(a)   A holder electing to release property pursuant to the provisions of the Uniform Unclaimed Property Act may request reimbursement. OST shall reimburse the holder, if the property is still in its custody, upon presentation of proof of payment, which may include but not be limited to:
(1)   Copies of correspondence with the owner;
(2)   Copies of the negotiated check to the owner (front and back copy); or
(3)   An affidavit executed by an officer of the holder attesting to the facts. [See: 60 O.S. §664]
(b)   If OST has already distributed the property to the owner or to an heir of the owner, OST will not reimburse the holder for any payment made by the holder to the owner or to an heir of the owner.

[Source: Transferred from 710:80-7-5 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]

                    
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