A.In accordance with the provisions of Section 751 et seq. of Title 12 of the Oklahoma Statutes, sheriffs may conduct the sale of goods, chattels, or lands and tenements utilizing an online auction marketplace.
B.No sheriff or other officer conducting the sale of property or any appraiser or online auction marketplace, including any affiliation with a corporation, limited liability company, limited liability partnership, partnership, or other business entity, shall either directly or indirectly purchase the property; any such purchase shall be considered fraudulent and void. The prohibition of this subsection shall also apply to those related by affinity or consanguinity within the third degree. If the appraiser or online auction marketplace is a corporation, limited liability company, l
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A. In accordance with the provisions of Section 751 et seq. of Title 12 of the Oklahoma Statutes, sheriffs may conduct the sale of goods, chattels, or lands and tenements utilizing an online auction marketplace. B. No sheriff or other officer conducting the sale of property or any appraiser or online auction marketplace, including any affiliation with a corporation, limited liability company, limited liability partnership, partnership, or other business entity, shall either directly or indirectly purchase the property; any such purchase shall be considered fraudulent and void. The prohibition of this subsection shall also apply to those related by affinity or consanguinity within the third degree. If the appraiser or online auction marketplace is a corporation, limited liability company, limited liability partnership, partnership, or other business entity, such prohibition shall apply to any director, officer, employee, managing member, or partner of such appraiser or online auction marketplace. C. If an online auction marketplace is used pursuant to this section, the online auction marketplace shall provide a nonelectronic option for bidders. D. The online auction marketplace may require bidders to agree to reasonable terms of service or use. Any such terms of service or use shall provide that the terms of service or use are subject to the laws and jurisdiction of this state. E. The online auction marketplace may collect deposits and payments by wire transfer, electronic funds transfer, or cashier’s check from a registered bidder; and remit payment of the purchase price to the court clerk as directed by the sheriff but in no case more than five (5) business days following the completion of the sale. F. In accordance with the provisions of Section 765 of Title 12 of the Oklahoma Statutes, no buyer’s premium shall be charged to a buyer on any sale conducted by a sheriff, or other officer, utilizing an online auction marketplace. The fee charged and all costs incurred by the online auction marketplace shall be assessed as costs not to exceed Four Hundred Twenty-five Dollars ($425.00) per confirmed sale.