Okla. Stat. tit. 58 § 265

Current through Laws 2024, c. 453.

Section 265 - Approval of contract by judge of district court - Procedure - Limitation to two thirds of appraised value, exception as to

Any contract for the borrowing of money or the mortgaging or pledging of the assets of the estate for any of the purposes stated in Section 264 of this title must have the approval of the judge of the district court having jurisdiction of the settlement of the estate and the procedure therefor shall be the same procedure as that provided for in Sections 385-b (as amended), 385-c, and 385-d of this title, except that personal property may be mortgaged or pledged as security for such indebtedness without limitation to two-thirds (2/3) of the appraised value thereof.

Okla. Stat. tit. 58, § 265

Laws 1941, HB 90, p. 230, § 2, emerg. eff. 3/26/1941; Amended by Laws 1953, HB 676, p. 235, § 15.