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§ 1416. Prohibitions relating to control of banks--Remedies

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 XIV. Offenses and Penalties
6 Okl.St.Ann. § 1416
§ 1416. Prohibitions relating to control of banks--Remedies
Currentness
A. No bank holding company shall control a bank unless the bank is one such as is defined in Section 2(c) of the federal Bank Holding Company Act of 1956, as amended.1
B. No company that is not a bank holding company shall control a bank.
C. In addition to other remedies provided for by law, the Commissioner may enforce the provisions of this section by:
1. Injunction; or
2. Cease and desist order; or
3. Fine.

Credits

Laws 1985, c. 168, § 8, emerg. eff. June 18, 1985; Laws 1996, c. 92, § 10, eff. June 1, 1996.

Footnotes

1
12 U.S.C.A. § 1841 et seq.
6 Okl. St. Ann. § 1416, OK ST T. 6 § 1416
Current with emergency effective legislation through Chapter 277 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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