Oklahoma Code § 18-1112
Oklahoma Code § 18-1112. Reproduced from the official Oklahoma Statutes, with a citation summary, verification link, and related provisions.
§ 18-1112.
Sale of Perishable or Deteriorating Property.
SALE OF PERISHABLE OR DETERIORATING PROPERTY
Whenever the property of a corporation is at the time of the
appointment of a receiver or trustee encumbered with liens of any
character, and the validity, extent or legality of any lien is
disputed or brought in question, and the property of the corporation
is of a character which will deteriorate in value pending the
litigation respecting the lien, the district court may order the
receiver or trustee to sell the property of the corporation, clear
of all encumbrances, at public or private sale, for the best price
that can be obtained therefor, and pay the net proceeds arising from
the sale thereof after deducting the costs of the sale into the
district court, there to remain subject to the order of the district
court, and to be disposed of as the district court shall direct.
Added by Laws 1986, c. 292, § 112, eff. Nov. 1, 1986.
Source: official Oklahoma text · Last verified 2026-08-27
At a glance
- Citation: Oklahoma Statutes § 18-1112
- Jurisdiction: Oklahoma
- Code: Oklahoma Statutes
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Oklahoma Statutes. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Oklahoma attorney.
Common questions
What is the source of Oklahoma Statutes § 18-1112?
The text above is transcribed from the Oklahoma Statutes, the codified statutes of Oklahoma. The official publisher link appears under "Verify the text" on this page.
What subject does Oklahoma Statutes § 18-1112 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Oklahoma Statutes § 18-1112 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Oklahoma source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Oklahoma law to your facts requires a licensed Oklahoma attorney who can review the specifics.