Opinion No., (1981)
Court: Oklahoma Attorney General Reports
Number:
Visitors: 7
Judges: JAN ERIC CARTWRIGHT, ATTORNEY GENERAL OF OKLAHOMA
Filed: Oct. 27, 1981
Latest Update: Mar. 03, 2020
Summary: OPINION — AG — ** COUNTY TREASURERS — RE PURCHASE AGREEMENTS ** COUNTY TREASURERS ARE NOT STATUTORILY AUTHORIZED TO ENTER INTO REPURCHASE AGREEMENTS BY 62 Ohio St. 348 .1 [ 62-348.1 ] (CONTRACT BETWEEN TWO PARTIES WHERE ONE PARTY AGREES TO SELL AND THE OTHER PARTY AGREES TO BUY GOVERNMENT SECURITIES. SIMULTANEOUSLY THE BUYER AGREES TO SELL AND THE SELLER AGREES TO BUY THE SECURITIES AT SOME FUTURE DATE AT THE SAME PRICE ORIGINALLY PAID BY THE ORIGINAL BUYER PLUS ADDITIONAL CONSIDERATION IN THE F
Summary: OPINION — AG — ** COUNTY TREASURERS — RE PURCHASE AGREEMENTS ** COUNTY TREASURERS ARE NOT STATUTORILY AUTHORIZED TO ENTER INTO REPURCHASE AGREEMENTS BY 62 Ohio St. 348 .1 [ 62-348.1 ] (CONTRACT BETWEEN TWO PARTIES WHERE ONE PARTY AGREES TO SELL AND THE OTHER PARTY AGREES TO BUY GOVERNMENT SECURITIES. SIMULTANEOUSLY THE BUYER AGREES TO SELL AND THE SELLER AGREES TO BUY THE SECURITIES AT SOME FUTURE DATE AT THE SAME PRICE ORIGINALLY PAID BY THE ORIGINAL BUYER PLUS ADDITIONAL CONSIDERATION IN THE FO..
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OPINION — AG — ** COUNTY TREASURERS — RE PURCHASE AGREEMENTS ** COUNTY TREASURERS ARE NOT STATUTORILY AUTHORIZED TO ENTER INTO REPURCHASE AGREEMENTS BY 62 Ohio St. 348.1 [62-348.1] (CONTRACT BETWEEN TWO PARTIES WHERE ONE PARTY AGREES TO SELL AND THE OTHER PARTY AGREES TO BUY GOVERNMENT SECURITIES. SIMULTANEOUSLY THE BUYER AGREES TO SELL AND THE SELLER AGREES TO BUY THE SECURITIES AT SOME FUTURE DATE AT THE SAME PRICE ORIGINALLY PAID BY THE ORIGINAL BUYER PLUS ADDITIONAL CONSIDERATION IN THE FORM OF INTEREST, PUBLIC FINANCE, AGREEMENT, CONTRACT, FUNDS) CITE: 62 Ohio St. 348.1 [62-348.1], ARTICLE X, SECTION 17 (AUTHORITY, JURISDICTION) (CHARLES S. ROGERS) ** NOTE: SEE OPINION NO. 81-183 ** SEE: OPINION NO. 90-034 (1990) AG
Source: CourtListener
