Oklahoma Code § 11-35-102.1

Title 11. Cities And Towns: Disposition of proceeds from investment of meter
Open in Lexace · Ask the AI about this section
deposit funds.
The proceeds from any investments of meter deposit funds and any
other earnings therefrom shall be considered to be profit derived
from the investment and shall be placed in the fund from which the
operation and maintenance expenses of the utility, for which the
meter deposits invested were collected, are paid.  The investment of
such funds by the municipality shall in no manner impair its
obligation to any person, firm or corporation, to refund in full any
or all deposits theretofore or thereafter made.

‹ Prev All Oklahoma sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.