Oklahoma SB1197 amends county resale auction rules to disallow cash use and mandate certified funds for certain property sales.
Oklahoma SB1197 modifies county resale auction procedures by disallowing the use of cash for certain property sales and requiring the use of certified funds instead. The bill updates statutory language to mandate a deposit by certified funds and outlines specific conditions for property sales, including minimum bid requirements and the definition of "nuisance property." The changes aim to ensure transparency and accountability in county property sales, effective November 1, 2026.
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