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Oklahoma Statutes - Title 40. Labor Page 144 interest or fees should not be owed to the Commission, the amount paid by the employer shall be refunded to the employer by the Commission. Added by Laws 1980, c. 323, § 3-405, eff. July 1, 1980. Amended by Laws 1993, c. 219, § 22, eff. Sept. 1, 1993; Laws 2002, c. 452, § 24, eff. Nov. 1, 2002.

§40-3-406. Bond in lieu of cash deposit. BOND IN LIEU OF CASH DEPOSIT. In lieu of the cash payment provided for in Section 3-405 of this title, the employer may file with the Commission a surety bond issued by an insurance company that is licensed by the Oklahoma Insurance Department to issue surety bonds in this state. The surety bond must be issued in an amount that is double the amount of the contribution, penalties, interest and fees assessed or owing, and include the conditions that the employer will faithfully and diligently prosecute the appeal to a final determination, and, in the event the order, judgment, ruling or finding of the Commission or its duly authorized representative be affirmed on appeal, will pay the contributions, interest, penalty, costs and fees assessed against, or owing by, the employer. Added by Laws 1980, c. 323, § 3-406, eff. July 1, 1980. Amended by Laws 1992, c. 318, § 7, eff. July 1, 1992; Laws 1993, c. 219, § 23, eff. Sept. 1, 1993.

§40-3-407. Repealed by Laws 2005, c. 182, § 15, eff. Nov. 1, 2005.

§40-3-408. Part construed to provide legal remedy. PART CONSTRUED TO PROVIDE LEGAL REMEDY. This part shall be construed to provide a legal remedy by action at law in cases where any contribution, or the method of collection or enforcement thereof or any order, ruling, finding or judgment of the Commission or its duly authorized representative, is complained of or is sought to be enjoined in any action in any court of this state or the United States of America. Added by Laws 1980, c. 323, § 3-408, eff. July 1, 1980.

§40-3-500. Levy on accounts. LEVY ON ACCOUNTS. As used in Part 5 of Article 3 of the Employment Security Act of 1980: 1. "Bank" means any state bank or banking association, national bank or banking association, savings and loan company, credit union, or any other financial institution; 2. "Bank account" means any checking or savings account the tax debtor has with any bank;