§ 381.24c. Military savings facilities--Certificate--Application--Functions permitted--Penalty
Oklahoma Statutes AnnotatedTitle 18. Corporations
18 Okl.St.Ann. § 381.24c
§ 381.24c. Military savings facilities--Certificate--Application--Functions permitted--Penalty
A. Any association may, subject to the approval of the State Banking Commissioner as evidenced by its certificates, and subject to the approval of the military installation commander as evidenced by a letter of approval, maintain and operate a military savings facility on any military installation located in this state.
B. As used in this section, the term “military savings facility” shall mean a detached facility or branch maintained by an association upon a military installation within this state, provided such military savings facility must be within the confines of a military reservation and located upon property owned or leased by the United States government.
3. No association function shall be performed at the facility save that of accepting deposits, cashing checks, making change, selling drafts, cashier's checks, money orders, traveler's checks, etc., accepting payment for personal utility bills, redeeming and selling United States Savings Bonds, and such other services as the installation commander may request, in writing, of the association. Upon the recommendation of the Commissioner, the Attorney General shall bring an appropriate action to enjoin an association from conducting association functions at such facility other than those herein granted.
Credits
Laws 1990, c. 173, § 22, emerg. eff. May 3, 1990; Laws 1993, c. 183, § 46, eff. July 1, 1993; Laws 2000, c. 81, § 23, eff. Nov. 1, 2000.
18 Okl. St. Ann. § 381.24c, OK ST T. 18 § 381.24c
Current with emergency effective legislation through Chapter 182 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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