Receivership; creating the Uniform Commercial Receivership Act; property interests; receivers; security; sanctions; reports; effective date.

Summary

The bill establishes a new Uniform Receivership Act for Oklahoma, covering how receivers are appointed, property interests are handled, security and sanctions are applied, and reports are filed. It does not codify the act in the statutes and takes effect on November 1, 2026. The measure currently has passed the House and is awaiting further action.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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