Home Table of Contents

§ 5.2b. Authorization to transfer ownership of historic properties

Oklahoma Statutes AnnotatedTitle 53. Oklahoma Historical Societies and Associations

Oklahoma Statutes Annotated
Title 53. Oklahoma Historical Societies and Associations
Chapter 1A. Oklahoma Historical Preservation Act
53 Okl.St.Ann. § 5.2b
§ 5.2b. Authorization to transfer ownership of historic properties
The Oklahoma Historical Society is hereby authorized to transfer ownership of historic properties, both real and tangible, to appropriate organizations or groups who agree to maintain the properties in the best interest of historic preservation and who pay fair market value for such property. Notwithstanding Section 5.2a of Title 53 of the Oklahoma Statutes, when property by the Society is declared surplus, or is determined to be beyond the means of the Society to maintain properly, the Society shall first offer the property for sale at fair market value to the original donor, even if a reversionary clause is not included in the gift agreement. If a donor cannot be identified, the property may be offered for sale at fair market value to an appropriate not-for-profit organization or a federally recognized Indian tribe that agrees to maintain the property through a formal written contract which provides for compensation, and may include in-kind, in the form of maintenance and preservation agreements. The process for the sale and transfer of title shall originate with the Oklahoma Historical Society Board of Directors. The authorization to sell this property pursuant to this section shall be exempt from the Oklahoma Surplus Property Act1 as well as Sections 327 and 327.1 of Title 61 of the Oklahoma Statutes.

Credits

Laws 2016, c. 309, § 1, emerg. eff. May 16, 2016.

Footnotes

Title 74, § 62.1 et seq.
53 Okl. St. Ann. § 5.2b, OK ST T. 53 § 5.2b
Current with legislation of the Second Regular Session of the 59th Legislature (2024) effective as of July 1, 2024. Some sections may be more current, see credits for details.
End of Document