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An Oklahoma bill of sale records a transaction for property between 2 parties (buyer and seller). It must include the parties' details, cash or trade, a description of the property sold, and the date of sale. Afterward, the buyer can use the bill of sale to register the property with the state (if needed).

Oklahoma has a form called a Declaration of Purchase Price, which is equivalent to a bill of sale and is legally required for all private party transactions. This form needs to be signed in front of a notary public.

While Oklahoma does not require a bill of sale per se, it does accept the document for official purposes when transferring the title on your car with the Oklahoma Tax Commission (OTC), which oversees all OK motor vehicle registration.

Documents Required to Sell a Business Depending on the type of business you are selling, you may need an Entity Sale Agreement or an Asset Sales Agreement. Furthermore, if you are financing part of the purchase price, you may need a Security Agreement for Asset Sale, a UCC Financing Statement and a Promissory Note.

What are the requirements for an Oklahoma bill of sale? Date of purchase. Buyer and seller's contact information. Purchase price. Description of the sold item. Information about any liens or claims. Information about any warranties. Signatures of buyer and seller. Signature of a notary public or witness.

For motor vehicles or boats, it's mandatory to present a copy of the bill of sale to the Oklahoma Tax Commission's Motor Vehicle Division in order to transfer the title. As both the buyer and the seller also need a copy, three total copies are needed.