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§ 1110. Book value of assets

Oklahoma Statutes AnnotatedTitle 6. Banks and Trust Companies

Oklahoma Statutes Annotated
Title 6. Banks and Trust Companies (Refs & Annos)
Chapter 1. Oklahoma Banking Code
Article XI. Merger, Consolidation, Conversion and Sale of Assets (Refs & Annos)
6 Okl.St.Ann. § 1110
§ 1110. Book value of assets
Without approval by the Commissioner no asset shall be carried on the books of the resulting bank or purchasing bank at a valuation higher than that on the books of a merging, converting bank or selling bank at the time of its last examination by a state or national bank examiner before the effective date of the merger, conversion or sale.

Credits

Laws 1965, c. 161, § 1110.
6 Okl. St. Ann. § 1110, OK ST T. 6 § 1110
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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