Legal Opinion · Dissent
First American Bank & Trust Co. v. Oklahoma Industrial Finance Authority
Supreme Court of Oklahoma
Decided April 3, 1998No. 87070Published
1DissentOpala, Justice
¶ 1 Today’s opinion pronounces that the terms of 68 O.S.1991 § 29401 introduce a mechanism for the collection of preassessed ad valorem taxes (and those that would become due for the year of the property’s acquisition) by authorizing the acquiring public agency to (a) withhold these levies from the purchase price that is to be paid the seller and then (b) remit the withheld amount to the county. Because this procedure was not followed here and no money came to be withheld by the acquiring state agency (Okla*634homa Industrial Finance Authority [OIFA or agency]), the court holds that under the…
2Cases cited55 opinions
- Harlow v. FitzgeraldSupreme Court of the United States · 1982
- Imbler v. PachtmanSupreme Court of the United States · 1976
- Malley v. BriggsSupreme Court of the United States · 1986
- Butz v. EconomouSupreme Court of the United States · 1978
- Clinton v. JonesSupreme Court of the United States · 1997
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