§ 27-10 — Reimbursement of owner for expenses after acquisition.

Oklahoma § 27-10

• Jurisdiction: Oklahoma
• Title 27: Eminent Domain

Text

Any person, agency or other entity acquiring real property for public use under the laws of this state shall, as soon as practicable after the date of payment of the purchase price or the date of deposit into court of funds to satisfy the award of compensation in a condemnation proceeding to acquire real property, whichever is the earlier, reimburse the owner for expenses he necessarily incurred for: 1. Recording fees, transfer taxes and similar expenses incidental to conveying such real property; 2. Penalty costs for prepayment for any preexisting recorded mortgage entered into in good faith encumbering such real property; and 3. The pro rata portion of real property taxes paid which are allocable to a period subsequent to the date of vesting title in the acquiring entity, or the effective date of possession of such real property by the acquiring entity, whichever is the earlier.

Legislative History

Laws 1971, c. 355, § 2, eff. July 1, 1972.