Oklahoma Statutes

§ 27A-2-15-103 — Definitions.

Oklahoma·Title 27A Environment And Natural Resources
For purposes of the Oklahoma Brownfields Voluntary Redevelopment Act: 1. "Participant" means any person who or entity which: a. has acquired the ownership, operation, management, or control of a site through foreclosure or under the terms of a bona fide security interest in a mortgage or lien on, or an extension of credit for, a brownfields site and which forecloses on or receives an assignment or deed in lieu of foreclosure or other indicia of ownership and thereby becomes the owner of a brownfield, b. possesses a written expression of an interest to purchase a brownfield and the ability to implement a brownfield redevelopment proposal, c. is the legal owner in fee simple of a brownfield, d. is a tenant on or lessee of the brownfield site, or e. is undertaking the remediation of a brownfi

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Legislative History

Added by Laws 1996, c. 356, § 3, emerg. eff. June 14, 1996. Amended by Laws 2004, c. 141, § 4, eff. Nov. 1, 2004; Laws 2009, c. 48, § 3, eff. July 1, 2009. NOTE: Laws 2004, c. 111, § 4 repealed by Laws 2005, c. 1, § 28, emerg. eff. March 15, 2005.

Nearby Sections

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