Legal Opinion
Quail Creek Golf & Country Club v. Oklahoma Tax Commission
Supreme Court of Oklahoma
Decided March 5, 1996No. 83516PublishedCited by 18 opinions
1Opinion of the Court
HODGES, Justice.
This matter presents one legal issue. Do Oklahoma’s unclaimed property laws apply to an unredeemed bond where no sinking fund or other money account was created to redeem the bond? The Oklahoma Tax Commission and the Court of Appeals answered the question in the affirmative. This Court now vacates the Court of Appeals’ opinion and answers the question in the negative.
In 1963, the Quail Creek Golf and Country Club (Club) required each member to purchase a $500.00 twenty-year bearer bond so the Club could finance some improvements. The Club never created a sinking fund or other…
2Cases cited4 opinions
- Magnolia Pipe Line Co. v. Oklahoma Tax CommissionSupreme Court of Oklahoma · 1946
- Lincoln Bank & Trust Co. v. Oklahoma Tax CommissionSupreme Court of Oklahoma · 1992
- Texas County Irrigation & Water Resources Ass'n v. Oklahoma Water Resources BoardSupreme Court of Oklahoma · 1990
- Board of Educ., Vici Pub. Schools v. MorrisSupreme Court of Oklahoma · 1982
3Cited by18 opinions
- DANI v. MILLERSupreme Court of Oklahoma · 2016
- Independent Finance Institute v. ClarkSupreme Court of Oklahoma · 1999
- Holliman v. Midpoint Development, L.L.C.Court of Appeals for the Tenth Circuit · 2006
- O'Carroll v. State Ex Rel. Oklahoma Tax CommissionSupreme Court of Oklahoma · 1998
- ROCKET PROPERTIES v. LaFORTUNESupreme Court of Oklahoma · 2022
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