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 Oklahoma Statutes (Last Updated: September 18, 2014)
 Title 64. PUBLIC LANDS

  § 64-1029. Cash Journal - Checks and drafts - Endorsement - Penalty.  

Latest version.

  • The Cash Journal shall be balanced daily and the total of the receipts of each day shall be deposited with the State Treasurer as now required by the State Depository Law, except that deposits placed at auction for the sale or lease of lands or minerals pending finalization of a sale or lease transaction shall be secured by the Secretary of the Land Office for safekeeping.  The deposits held by the Secretary shall be paid into the treasury clearing account of the Commissioners of the Land Office within three (3) business days following final approval and execution of all required documents related to the transaction.  A deposit shall be returned to the payor of the deposit within three (3) business days following the determination by the Commissioners of the Land Office that the transaction will not be finalized.  It shall be the duty of the Commissioners of the Land Office to notify each debtor to make their checks, drafts, or other transfer of monies payable to the order of the Commissioners of the Land Office.  The endorsements on the checks, drafts or other evidence of transfers of monies shall be in the following words:

    "Pay to the order of the Treasury of the State of Oklahoma, for credit only to the Commissioners of the Land Office".  No person, firm or corporation shall cash or pay out on any check, voucher, draft, money order or other evidence of transfers of money, or its equivalent, without the endorsements, and the endorsement of the State Treasurer appearing thereon.

    Any person, firm or corporation knowingly violating this provision shall be guilty of a felony and, upon conviction, shall be punished by a fine of not less than One Hundred Dollars ($100.00) nor more than One Thousand Dollars ($1,000.00), or by imprisonment in the custody of the Department of Corrections for a term of not more than three (3) years or by both the fine and imprisonment.  In addition, the person, firm or corporation shall be civilly liable to the Commissioners of the Land Office for the use and benefit of the fund which has sustained the loss in double the amount of the check, voucher, money order, draft or other evidence of transfer of money, so cashed or paid.

    All checks or vouchers drawn against any Special Agency Account by the Commissioners of the Land Office shall be issued only by the principal fiscal officer upon written application of the head of the division of the School Land Department.  Each check or voucher shall be signed in the name of the Commissioners of the Land Office by the Secretary or in the absence of the Secretary by the Assistant Secretary and shall be countersigned by the principal fiscal officer.  The form of check or voucher shall be prescribed by the State Treasurer and shall indicate on its face the purpose for which drawn, the amount and the account to which chargeable.  No check shall leave the office until protected by use of a machine for printing amounts on checks, as by perforations, so as to prevent alterations.

Added by Laws 1933, c. 189, p. 414, § 3, emerg. eff. July 21, 1933.  Amended by Laws 1979, c. 30, § 108, emerg. eff. April 6, 1979; Laws 1997, c. 133, § 543, eff. July 1, 1999; Laws 1999, 1st Ex. Sess., c. 5, § 394, eff. July 1, 1999; Laws 2010, c. 41, § 20, emerg. eff. April 2, 2010.  Renumbered from § 123 of this title by Laws 2010, c. 41, § 81, emerg. eff. April 2, 2010.  Amended by Laws 2013, c. 250, § 2, emerg. eff. May 13, 2013.

Note

NOTE:  Laws 1998, 1st Ex. Sess., c. 2, § 23 amended the effective date of Laws 1997, c. 133, § 543 from July 1, 1998, to July 1, 1999.