1. (a) Except as otherwise provided in subsections (b) and (c) of this section, a person who is required to file a report under Section 661 of this title, within six (6) months after the final date for filing the report as required by Section 661 of this title, shall pay or deliver to the Commission all abandoned property required to be reported after first deducting therefrom expenses incurred in the mailing of notices required by subsection E of Section 661 of this title and any offsets as provided by law. Any such person who, pursuant to a statutory requirement, filed a bond or bonds pertaining to such abandoned property with the Oklahoma Tax Commission may also deduct an amount equivalent to that part of the bond premium attributable to such abandoned property.
2. (b) If the owner establishes the right to receive the abandoned property to the satisfaction of the holder before the property has been delivered, or it appears that for some other reason the presumption of abandonment is erroneous, the holder need not pay or deliver the property to the Commission, and the property will no longer be presumed abandoned. In that case the holder shall file with the Commission a verified written explanation of the proof of claim or of the error in the presumption of abandonment.
3. (c) Abandoned property that consists of any stock or other intangible ownership interest enrolled in a plan that provides for the automatic reinvestment of dividends, distributions, or other sums payable as a result of the interest, may be retained by the holder or paid or delivered to the Commission at the option of the holder.
4. (d) The holder of an ownership interest under Section 655 of this title shall deliver a duplicate certificate or other evidence of ownership if the holder does not issue certificates of ownership to the Commission. Upon delivery of a duplicate certificate to the Commission, the holder and any transfer agent, registrar, or other person acting for or on behalf of a holder in executing or delivering the duplicate certificate is relieved of liability as provided in Section 664 of this title to every person, including any person acquiring the original certificate or the duplicate of the certificate issued to the Commission, for losses or damages resulting to any person by the issuance and delivery to the Commission of the duplicate certificate.

Added by Laws 1967, HB 532, c. 107, § 13, emerg. eff. April 24, 1967; Amended by Laws 1991, HB 1538, c. 331, § 22, eff. September 1, 1991.