1. (a) A person, excluding another state, claiming an interest in any property valued at Fifty Dollars ($50.00) or more delivered to the Commission may file a claim on a form prescribed by the Oklahoma Tax Commission and verified by the claimant. The date of filing of a claim shall be the date it is received by the Commission with all supporting documentation from the claimant. Any property with a value of less than Fifty Dollars ($50.00) shall escheat to the state.
2. (b) The Commission shall consider each claim within ninety (90) days after it is filed and give written notice to the claimant if the claim is denied in whole or in part. The notice may be given by mailing it to the last address, if any, stated in the claim as the address to which notices are to be sent. If no address for notices is stated in the claim, the notice may be mailed to the last address, if any, of the claimant as stated in the claim. No notice of denial need be given if the claim fails to state either the address to which notices are to be sent or the address of the claimant.
3. (c) If a claim is allowed, the Commission shall pay over or deliver to the claimant the property or the amount the Commission actually received or the net proceeds if it has been sold by the Commission, together with any additional amount required by Section 665 of this title. If the claim is for property presumed abandoned under Section 655 of this title which was sold by the Commission within three (3) years after the date of delivery, the amount payable for that claim is the value of the property at the time the claim was made or the net proceeds of sale, whichever is greater.

Laws 1967, HB 532, c. 107, § 24; Amended by Laws 1988, HB 1561, c. 281, § 10, emerg. eff. July 1, 1988; Amended by Laws 1991, HB 1538, c. 331, § 29, eff. September 1, 1991.