§ 869. Loans upon leasehold estates--Terms
Oklahoma Statutes AnnotatedTitle 74. State Government
74 Okl.St.Ann. § 869
§ 869. Loans upon leasehold estates--Terms
In addition to the lending powers and authority granted the Oklahoma Industrial Finance Authority under the provisions of the Oklahoma Industrial Finance Authority Act, 74 O.S.1961, § 851 et seq., said authority is hereby further authorized and empowered to make loans, subject to all other terms and conditions contained in such act, upon leasehold estates and buildings and facilities located thereon; provided however, that as a condition thereof the authority must first find that the remaining term of such leasehold estate upon which such a loan is applied for shall have a term of years of at least one and one-half times as long as the term of the loan applied for.
Credits
1963 H.J.R. No. 514, p. 751, § 1, emerg. eff. March 11, 1963.
74 Okl. St. Ann. § 869, OK ST T. 74 § 869
Current with emergency effective legislation through Chapter 29 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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