OK SB200

Amends 58 O.S. 2021, Section 693 to require executors or administrators to make an application to court for permission to deposit estate monies when no qualified guardian or representative has been appointed within 90 days.

Specifies that deposits must be made to a bank or financial institution within Oklahoma with a stated term for release, either to a legally qualified guardian or upon the minor's eighteenth birthday.

Applies deposit procedures to minors, legatees, heirs, creditors, claimants with unknown addresses, and heirs or legatees who died during probate proceedings.

Authorizes court clerks to invest funds exceeding $100.00 in savings accounts or certificates of deposit insured by federal agencies if no qualified recipient makes demand within 30 days.

Becomes effective November 1, 2025.