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47-1115.1v2.


47-1115.1v2.
   
   After ninety (90) days from the expiration date for annual
   registration of a vehicle, the Oklahoma Tax Commission, Department of
   Public Safety, county sheriffs, and all other duly authorized peace
   officers of this state may seize and take into custody every vehicle
   owned within this state not bearing or displaying a proper license
   plate required by the Oklahoma Vehicle License and Registration Act.
   The vehicle shall not be released to the owner until it is duly
   registered and the license, registration, or title fee and penalties
   due are paid in full, proof of security or an affidavit that the
   vehicle will not be used on public highways or public streets, as
   required pursuant to Section 7-600 et seq. of this title, is
   furnished, and the cost of seizure, including the reasonable cost of
   taking the vehicle into custody and storing the vehicle, have been
   paid. In the event the owner of any vehicle seized fails to pay such
   fees and penalties due, together with cost of seizure and storage, and
   fails to provide proof of security or an affidavit that the vehicle
   will not be used on public highways or public streets, the Oklahoma
   Tax Commission or its motor license agents shall proceed to sell the
   vehicle by posting not less than five notices of sale in five
   different public places in the county where the vehicle is located,
   one of such notices to be posted at the place where the vehicle is
   stored. A copy of the notice shall also be sent by certified mail,
   restricted delivery, with return receipt requested, to the last-known
   address of the registered owner of the vehicle in question. Such
   vehicle shall be sold at such sale subject to the following terms and
   conditions:
   
   1. In the event the sale price is equal to, or greater than, the total
   costs of sale, seizure and the fee and penalty, the purchaser shall be
   issued a certificate of purchase, license plate, manufactured home
   registration receipt and decal and registration certificate;
   
   2. In the event the sale price is less than the total costs of sale,
   seizure, and the fee and penalty, such vehicle shall be sold as junk
   to the highest bidder, whereupon he shall receive a certificate of
   purchase; and if such vehicle be dismantled, the record to such junked
   vehicle shall be canceled. If not dismantled, the same shall be
   immediately registered; or
   
   3. Any residue remaining unclaimed by the delinquent owner shall be
   administered in accordance with the Uniform Unclaimed Property Act
   (1981).
   

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