As used in the Oklahoma Abstractors Act:
1. "Abstract of title" is a compilation in orderly arrangement of the materials and facts of record, in the office of the county clerk and court clerk, affecting the title to a specific tract of land issued pursuant to a certificate certifying to the matters therein contained;
2. "Abstract plant" shall consist of a set of records in which an entry has been made of all documents or matters which legally impart constructive notice of matters affecting title to real property, any interest therein or encumbrances thereon, which are filed, recorded and currently available for reproduction in the offices of the county clerk and the court clerk in the county for which such abstract plant is maintained. Such records shall consist of:
3. "Abstract license" is the authorization for a person working for a holder of a certificate of authority to search and remove from county offices county records, summarize or compile copies of such records, and issue the abstract of title;
4. "Act" or "Oklahoma Abstractors Law" means the Oklahoma Abstractors Act;
5. "Board" means the Oklahoma Abstractors Board;
6. "Certificate of authority" is the authorization to engage in the business of abstracting in a county in this state, granted to a person, firm, corporation, or other entity, by the Oklahoma Abstractors Board;
7. "Permit" is the authorization to build an abstract plant in a specific county;
8. "State Auditor and Inspector", for the purposes of the Oklahoma Abstractors Act, means the Oklahoma Abstractors Board; and
9. "Authorized agent" or "representative" of a current owner or insured means a real estate broker, real estate agent, lender, attorney, title insurer, title insurance agent, escrow agent, or other duly appointed agent of the current owner or insured under a policy of title insurance authorized to act on behalf of such current owner or insured in a current transaction.
Added by Laws 1984, c. 163, § 2, eff. Nov. 1, 1984. Amended by Laws 2007, c. 359, § 2, eff. Jan. 1, 2008. Renumbered from Title 74, § 227.11 by Laws 2007, c. 359, § 22, eff. Jan. 1, 2008. Amended by Laws 2008, c. 97, § 1, eff. Nov. 1, 2008; Laws 2021, c. 251, § 1, eff. Nov. 1, 2021.
Structure Oklahoma Statutes
§1-22. Oklahoma Abstractors Board.
§1-23. Oklahoma Abstractors Board meetings - Officers, duties and powers.
§1-24. Administration of Abstractors Act - Hearing examiners.
§1-25. Abstractors Board - Powers and duties.
§1-26. Oklahoma Abstractors Board Revolving Fund.
§1-27. Application for certificate of authority - Fee - Bond - Proof required.
§1-28. Independent set of abstract books or other system of indexes required.
§1-30. Certificate of authority - Issuance - Renewal - List of abstracting fees.
§1-31. Current abstract plant required.
§1-33. Repeated violations - Temporary certificate of authority to another.
§1-34. Development of abstract plant - Permit.
§1-36. Rights and responsibilities of abstractors.
§1-37. Certain employees required to hold abstract license - Exemptions.
§1-38. Qualifications for issuance of license - Term of license - License fee.
§1-39. Supervision of licensees.
§1-40. Censure, revocation or suspension of abstract license.