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§58-264.
§58-264.
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.
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