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§ 264. Borrowing money to pay taxes--Mortgage or pledge of assets

Oklahoma Statutes AnnotatedTitle 58. Probate Procedure

Oklahoma Statutes Annotated
Title 58. Probate Procedure (Refs & Annos)
Chapter 4. Executors and Administrators--Powers and Duties (Refs & Annos)
58 Okl.St.Ann. § 264
§ 264. Borrowing money to pay taxes--Mortgage or pledge of assets
Currentness
Executors and administrators of estates of deceased persons are authorized to borrow money with which to pay the taxes imposed and levied by the:
(a) United States upon the transfer of the net estates of decedents who are citizens and residents of the United States,
(b) State of Oklahoma upon the transfer of the net estate of decedents by will or the intestate laws of Oklahoma,
(c) United States and the State of Oklahoma upon the income of such estates and of the decedents,
and to mortgage or pledge any of the assets of the estate as security for any such loan. Said executors and administrators are authorized to borrow money to pay any indebtedness incurred on behalf of the estate for such purposes and to mortgage or pledge any of the assets of the estate as security for any such loan.

Credits

Laws 1941, p. 230, § 1, emerg. eff. March 26, 1941.
58 Okl. St. Ann. § 264, OK ST T. 58 § 264
Current with emergency effective legislation through Chapter 277 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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