Oklahoma Attorney General Reports November 30, 1971 (Opinion No. 71-398 (1971) Ag)

LAND OFFICE PROCEDURES FOR ERNEST MONEY Earnest money received by the Land Office for oil and gas lease bids must be deposited in accordance with 62 O.S. 7.1 [62-7.1] (1970), et seq. Section 62 O.S. 7.2 [62-7.2] allows for said funds to be deposited in a special trust account, subject to approval of the specified officers.