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Okla. Stat. tit. 52, § 549.11

Rights of operator

Added by Laws 2010, c. 142, § 11, emerg. eff

RIGHTS OF OPERATOR NOT IMPAIRED This act does not impair an operator's right to be paid, set-off or withhold funds from another interest owner as security for or in satisfaction of any debt or security interest. In case of a dispute between an operator and another interest owner, a good-faith tender of funds by anyone operates as a tender of the funds to both in any of the following circumstances:

1. To the person who the operator and other interest owner jointly direct the first purchaser in writing to pay;

2. To a person who otherwise shows himself or herself to be the one entitled to the funds; or 3. To a court of competent jurisdiction in the event of litigation or bankruptcy.

Official source: Oklahoma Legislature. Reproduced from public-domain Oklahoma statutes; confirm against the official source for the current text. Not legal advice.