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§ 208.1. Failure to receive money due--Claims--Unclaimed proceeds

Oklahoma Statutes AnnotatedTitle 3A. Amusements and Sports

Oklahoma Statutes Annotated
Title 3a. Amusements and Sports
Chapter 2. Horse Racing
3A Okl.St.Ann. § 208.1
§ 208.1. Failure to receive money due--Claims--Unclaimed proceeds
Currentness
A. Any individual who claims to be entitled to any part of a pari-mutuel pool conducted by an organization licensee and who fails to receive the money due may file the following with the organization licensee within sixty (60) days after the wager has been made:
1. A verified claim on a form prescribed and furnished by the Oklahoma Horse Racing Commission setting forth such information as may be necessary to identify the particular pool and the amount claimed therefrom; and
2. A substantial portion of the pari-mutuel ticket upon which the claim is based, sufficient to identify the particular racetrack, race, and horse involved, the amount wagered, and whether the ticket was a win, place, or show ticket.
B. Upon proper application by an individual or an organization licensee the Commission shall hear any disputed claim and consider the proof offered in its support. Unless the claimant satisfactorily establishes the right to participate in the pool, the claim shall be rejected. If the claim is allowed, the organization licensee shall pay the amount of the claim to the claimant upon order of the Commission.
C. All unclaimed ticket proceeds shall be remitted by the organization licensee to the Commission for deposit in the Oklahoma Breeding Development Fund Special Account as follows:
1. The payment for unclaimed ticket proceeds shall be accompanied by a completed form as prescribed by the Commission; and
2. The organization licensee shall remit calendar quarterly payments of all unclaimed ticket proceeds which have been in the organization licensee's possession for no fewer than sixty (60) days after the wager has been made, regardless of whether the wager was from live racing or simulcasting or during or between live race meetings.

Credits

Laws 1983, c. 11, § 27, emerg. eff. March 22, 1983; Laws 1989, c. 369, § 100, operative July 1, 1989; Laws 2001, c. 145, § 2, eff. July 1, 2001.
3A Okl. St. Ann. § 208.1, OK ST T. 3A § 208.1
Current with emergency effective legislation through Chapter 3 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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