Oklahoma legislation · 2026 Regular Session
Oklahoma HB4236: Receivership; creating the Uniform Commercial Receivership Act; property interests; receivers; security; sanctions; reports; effective date.
Status: In committee, April 16, 2026
What the bill says
An Act relating to receivership; creating the Uniform Commercial Receivership Act; defining terms; requiring notice and opportunity for hearing to issue an order under the act; permitting issuance of an order without prior notice and an opportunity for hearing under certain circumstances; providing for application of act to certain property interests; excluding certain property interests from act; excluding governmental property from act; clarifying court authority to appoint a receiver under other laws of the state…
From the engrossed text, April 15, 2026:
An Act relating to receivership; creating the Uniform Commercial Receivership Act; defining terms; requiring notice and opportunity for hearing to issue an order under the act; permitting issuance of an order without prior notice and an opportunity for hearing under certain circumstances; providing for application of act to certain property interests; excluding certain property interests from act; excluding governmental property from act; clarifying court authority to appoint a receiver under other laws of the state; authorizing exclusive jurisdiction for courts that appoint receiver under this act; permitting a court to appoint a receiver under certain circumstances; requiring a potential receiver to submit certain information before he or she can be appointed; providing for disqualification of persons from being a receiver; preventing disqualification of certain persons; allowing nominations of potential receivers for court consideration; requiring receivers to post a bond or alternative security; providing receiver shall have same status as lien creditor; authorizing a security agreement covering after-acquired property; permitting a receiver to make certain demands; requiring turnover of receivership property; authorizing courts to impose sanctions for failure to turn over property; listing powers and duties of a receiver; providing duties of SENATE FLOOR VERSION - HB4236 SFLR Page (Bold face denotes Committee Amendments) an owner; directing the appointment of a receiver operates as a stay; authorizing an injunction; authorizing the …