§74-869. Loans upon leasehold estates - Terms.
126 words·~1 min read·
/ok/title-74-state-government/74-869·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In addition to the lending powers and authority granted the Oklahoma Industrial Finance Authority under the provisions of the Oklahoma Industrial Finance Authority Act, 74 O.S.1961, Section 851 et seq., said authority is hereby further authorized and empowered to make loans, subject to all other terms and conditions contained in such act, upon leasehold estates and buildings and facilities located thereon; provided however, that as a condition thereof the authority must first find that the remaining term of such leasehold estate upon which such a loan is applied for shall have a term of years of at least one and one-half times as long as the term of the loan applied for.
Laws 1963, p. 751, H.J.R. No. 514, § 1, emerg. eff. March 11, 1963.