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§ 2124. Acts required of licensees--Deadline--Exception

Oklahoma Statutes AnnotatedTitle 6. Banks and Trust Companies

Oklahoma Statutes Annotated
Title 6. Banks and Trust Companies (Refs & Annos)
Chapter 5. Sale of Checks Act
6 Okl.St.Ann. § 2124
§ 2124. Acts required of licensees--Deadline--Exception
Currentness
(a) A person licensed under, and in compliance with all applicable requirements of, the Sale of Checks Act1 in effect immediately prior to the effective date of this act2 shall have until December 1, 1988, to:
1. furnish the Commissioner with a corporate surety bond complying with the requirements of Section 2108 of Title 6 of the Oklahoma Statutes or, in lieu thereof, to deposit securities equal to the amount of such bond complying with the requirements of subsection (b) of Section 2109 of Title 6 of the Oklahoma Statutes; and
2. file with the Commissioner the most current annual financial statement of such licensee, which financial statement shall be in compliance with the requirements of Section 2110 of Title 6 of the Oklahoma Statutes.
(b) A person licensed under, and in compliance with all applicable requirements of, the Sale of Checks Act in effect immediately prior to the effective date of this act shall not be required to comply with the provisions of subsection (b) of Section 2107 of Title 6 of the Oklahoma Statutes until the Commissioner has issued license certificates for each location to said licensee for the fiscal year commencing July 1, 1989; provided, the licensee must timely satisfy all requirements for the issuance of a renewal license and such license certificates.

Credits

Laws 1988, c. 216, § 14, eff. Nov. 1, 1988.

Footnotes

1
Title 6, § 2101 et seq.
2
O.S.L.1988, c. 216, eff. Nov. 1, 1988.
6 Okl. St. Ann. § 2124, OK ST T. 6 § 2124
Current with emergency effective legislation through Chapter 90 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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