Escrow & Title
An Oklahoma property owner dies and leaves no will and no heirs. Under Oklahoma's escheat statute, the property will:
ABe sold at auction immediately
BPass to the State of Oklahoma after the required period and legal process✓ Correct
CBe donated to the nearest local charity
DBe divided among neighbors
Explanation
Escheat is the process by which property reverts to the state when an owner dies without a will and without heirs, or when property is abandoned. Oklahoma statutes provide procedures for determining that no heirs exist before property escheats to the state.
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