Distribution of estates; requiring executor or administrator to make certain application to court; clarifying release of certain monies. Effective date.
SB 200 clarifies procedures for handling estate funds when beneficiaries cannot be located or are minors. It requires executors or administrators to apply to court for specific instructions if money must be paid to a minor without a guardian within 90 days, an unknown beneficiary who won't claim funds within 90 days, or a deceased beneficiary during probate. The bill mandates that funds be deposited with the county treasurer in a state bank for a specified term (ending at age 18 for minors or when a guardian is appointed), with automatic release upon those conditions. It also specifies that unclaimed funds over $100 must be invested in insured accounts after 30 days, with full payment upon claim. The law became effective November 1, 2025.
Bill status
signed
all 5 stages cleared
Introduction
Feb 2025
Committee Review
Apr 2025
Senate Passage
Mar 2025
House Passage
Apr 2025
Signed into Law
May 2025
Introduced Feb 3, 2025
Signed May 7, 2025
Maddy AI version diff · 4 comparisons
What changed between versions
Floor (House)
→
Floor (Senate)
·
6 edits
MODERATE
This bill updates Oklahoma's estate distribution laws to clarify how courts handle monies owed to minors, unknown heirs, and deceased beneficiaries. The changes streamline procedures for depositing funds with county treasurers and court clerks, establish specific timeframes for guardian appointments, and add investment options for larger deposits. These updates aim to improve efficiency in estate administration and ensure proper handling of funds when beneficiaries cannot immediately accept payment.
Scope change
The bill expands and clarifies the scope of Section 693 to cover multiple beneficiary scenarios including minors, unknown claimants, and deceased heirs, whereas the House version had less detailed provisions for some of these situations.
REQUIREMENT
Added specific 90-day timeframe for guardians to qualify after final account orders directing payment to minors
New subsection requiring specification of financial institution and release terms when depositing funds for minors
Added provisions for handling monies when heirs or legatees die during probate proceedings
New subsection allowing court clerks to invest excess funds over $100 in insured accounts or certificates of deposit
TIMELINE
Changed effective date from unspecified to November 1, 2025
TECHNICAL
Updated committee attribution from Judiciary and Public Safety to Judiciary only, with revised date
Floor votes · Senate Mar 3, 2025 · House Apr 29, 2025
How they voted
48–0
Passed · 1 other
Total votes 49
Mar 3, 2025
D
Democratic9
100% Yea
R
Republican40
97% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
23
Key actions
6
Committee
6
Apr 29, 2025
Committee
Referred for enrollment
upper
Apr 29, 2025
Lower · Passed
Third Reading, Measure passed: Ayes: 87 Nays: 0
lower
Apr 17, 2025
Lower · Passed
CR; Do Pass Judiciary and Public Safety Oversight Committee
lower
Apr 7, 2025
Lower · Passed
Policy recommendation to the Judiciary and Public Safety Oversight committee; Do Pass Civil Judiciary
lower
Apr 1, 2025
Committee
Referred to Civil Judiciary
lower
Mar 4, 2025
Introduced
First Reading
lower
Mar 4, 2025
Upper · Passed
Engrossed to House
upper
Mar 3, 2025
Committee
Referred for engrossment
upper
Mar 3, 2025
Upper · Passed
Measure passed: Ayes: 46 Nays: 0
upper
Feb 11, 2025
Upper · Passed
Reported Do Pass Judiciary committee; CR filed
upper
Feb 3, 2025
Introduced
First Reading
upper
2 primary · 0 co-sponsors
Sponsors
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