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§ 381.24g. Association subsidiary as agent of holding company

Oklahoma Statutes AnnotatedTitle 18. Corporations

Oklahoma Statutes Annotated
Title 18. Corporations (Refs & Annos)
Chapter 8. Savings and Loan Associations (Refs & Annos)
Oklahoma Savings and Loan Code
18 Okl.St.Ann. § 381.24g
§ 381.24g. Association subsidiary as agent of holding company
Currentness
A. Any association subsidiary of an association holding company may receive deposits, renew time deposits, close loans, service loans, and receive payments on loans and other obligations as an agent for any other bank or association owned or controlled by the same holding company.
B. Despite any other provision of law, an association as an agent in accordance with subsection A of this section for an affiliate shall not be considered a branch of the affiliate.
C. An agency relationship between subsidiary institutions pursuant to subsection A of this section shall be on terms that are consistent with safe and sound practices and all applicable regulations of any appropriate regulatory agency.

Credits

Laws 2000, c. 81, § 27, eff. Nov. 1, 2000.
18 Okl. St. Ann. § 381.24g, OK ST T. 18 § 381.24g
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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