Home Table of Contents

§ 910. Deposit of funds

Oklahoma Statutes AnnotatedTitle 18. Corporations

Oklahoma Statutes Annotated
Title 18. Corporations (Refs & Annos)
Chapter 20. Oklahoma Business Development Corporation Act
18 Okl.St.Ann. § 910
§ 910. Deposit of funds
No corporation organized under the provisions of this act1 shall at any time be authorized to receive money on deposit. The corporation shall not deposit any of its funds in any banking institution unless such institution has been designated as a depository by a vote of a majority of the directors present at an authorized meeting of the board of directors, exclusive of any director who is an officer or director of the depository so designated.


Laws 1970, c. 187, § 10, emerg. eff. April 13, 1970.


Title 18, § 901 et seq.
18 Okl. St. Ann. § 910, OK ST T. 18 § 910
Current with legislation of the First Regular Session of the 59th Legislature (2023) and the First Extraordinary Session of the 59th Legislature (2023). Some sections may be more current, see credits for details.
End of Document