Okla. Admin. Code § 735:80-11-35

Current through Vol. 42, No. 8, January 2, 2025

Section 735:80-11-35 - Utilities; field audits

(a) Utility companies shall be examined under any or all of the circumstances defined in 735:80-11-2.

(b) The following categories of property normally held by a utility company shall be subject to reporting under the Unclaimed Property Act:

(1) Outstanding or unclaimed expense and vendor checks, payroll checks, and refund checks;

(2) Deposits made to insure payment of utility services, together with any interest thereon;

(3) Unclaimed stock and dividends;

(4) Unidentified remittances;

(5) Any other intangible personal property not otherwise covered by the Act.

(c) Property subject to the Unclaimed Property Act shall not be presumed abandoned unless it has remained unclaimed for the statutory period of time.

Okla. Admin. Code § 735:80-11-35

Transferred from 710:80-11-35 at 60 O.S., § 688, eff 7-1-99 (see Editor's Notice published at 17 Ok Reg 217)