Oklahoma Statutes
§ 11-39-118 — Duties of trustees in foreclosure actions.
Oklahoma·Title 11 Cities And Towns
In any action seeking the foreclosure of a lien against any tract or parcel of land assessed by a city for the construction of any improvement after bonds have been issued, the trustee of the fund from which the bonds are to be paid may: 1. Purchase the tract or parcel of land sold at the foreclosure sale; or 2. Bid, in lieu of cash, the full amount of the assessment and interest found by the court to be due and payable under the ordinance creating the lien and any cost taxed by the court in the foreclosure proceedings against the property ordered sold.
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Oklahoma § 11-39-118 (Duties of trustees in foreclosure actions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Laws 1983, c. 170, § 27, eff. July 1, 1983.
Nearby Sections
15
§ 11-1-101
Short title.§ 11-1-102
Definitions.§ 11-1-103
Saving vested rights.§ 11-10-102
Governing body.§ 11-10-103
Qualifications of councilmembers.§ 11-10-104
Election of mayor and vice-mayor.§ 11-10-105
Duties of mayor and vice-mayor.§ 11-10-108
Council - Meetings.§ 11-10-109
Council - Quorum - Rules and voting.§ 11-10-111
Compensation of elective officers.