QUAIL CREEK GOLF AND COUNTRY CLUB v. OKL. TAX COM'N

No. 83516.

913 P.2d 302 (1996)

QUAIL CREEK GOLF AND COUNTRY CLUB, Appellant, v. OKLAHOMA TAX COMMISSION, Appellee.

Supreme Court of Oklahoma.

March 5, 1996.


Attorney(s) appearing for the Case

Kirk & Chaney by James A. Kirk and Matthew L. Standard, Oklahoma City, for Appellant.

Oklahoma Tax Commission by David Hudson, General Counsel, and Dorothy Lindsey Brown, Assistant General Counsel, Oklahoma City, for Appellee.


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...

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