Oklahoma Statutes
§ 2-9-134.1 — Custodial account defaults - Board taking possession of
Oklahoma·Title 2 Agriculture
assets - Distribution.
A.Upon the suspension or revocation of any livestock auction market license as a result of a custodial account default, the Board shall have the authority to take possession of any and all assets which belong to the custodial account for shippers' proceeds, including, but not limited to, custodial account checking or savings accounts, custodial account certificates of deposit, receivables and livestock for which the custodial account has not been reimbursed or any other assets which belong to the custodial account as determined by the Board.
B.Assets taken into possession shall be limited to custodial account assets as determined by the State Board of Agriculture. All funds collected from custodial account assets shall be placed in an account of the Department of A
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Legislative History
Added by Laws 1996, c. 185, § 5, eff. Nov. 1, 1996.
Nearby Sections
15
§ 2-1-1
Short title.§ 2-1-3
Definitions.§ 2-1-4
Repealed§ 2-10-1
Repealed§ 2-10-10.1
Short title.§ 2-10-10.2
Definitions.§ 2-10-10.3
Purpose - Application - Construction.§ 2-10-2
Board as official state agency.§ 2-10-23
County poultry show - Funds.§ 2-10-25
Premiums and expenses.§ 2-10-26
State-wide broiler show.