Oklahoma Statutes
§ 47-911 — Disposition of proceeds of sale.
Oklahoma·Title 47 Motor Vehicles
The proceeds from the sale of an abandoned vehicle made pursuant to Section 908 of this title shall be applied in the following order: 1. To the reasonable cost incurred in the sale of the abandoned vehicle; 2. To the satisfaction of the special lien provided for in Section 907 of this title; 3. To the satisfaction of any indebtedness secured by a subordinate security interest or lien in the vehicle; 4. To the owner if such owner is known, and if such owner or the address of such owner is not known, to Service Oklahoma to be remitted to the State Treasurer and by him deposited in the General Revenue Fund.
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Legislative History
Added by Laws 1968, c. 167, § 5, emerg. eff. April 11, 1968. Amended by Laws 1988, c. 67, § 1, emerg. eff. March 25, 1988; Laws 2022, c. 282, § 105, emerg. eff. May 19, 2022.
Nearby Sections
15
§ 47-1-101
Definition of words and phrases.§ 47-1-101.1
Ancient vehicle.§ 47-1-102
Arterial street.§ 47-1-103.1
Automobile.§ 47-1-103.2
Autocycle.§ 47-1-105
Bus.§ 47-1-105.1
Church bus.§ 47-1-106
Business district.§ 47-1-107
Cancellation of driver license.§ 47-1-107.1
Class A commercial motor vehicle.§ 47-1-107.2
Class B commercial motor vehicle.§ 47-1-107.3
Class C commercial motor vehicle.§ 47-1-107.4
Class D motor vehicle.