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§ 381.82. Receipt of deposit after notification of insolvency

Oklahoma Statutes AnnotatedTitle 18. Corporations

Oklahoma Statutes Annotated
Title 18. Corporations (Refs & Annos)
Chapter 8. Savings and Loan Associations (Refs & Annos)
Acquisition and Operation of in-State Savings Institutions
18 Okl.St.Ann. § 381.82
§ 381.82. Receipt of deposit after notification of insolvency
It shall be unlawful for an association to receive any deposit after it has been notified by its primary regulator that it is insolvent or for an officer, director or employee who knows or, in the proper performance of such duty should know of the notification of such insolvency, to receive or authorize the receipt of such deposit, if such deposit, when aggregated together with other funds held by the depositor in the same right and capacity, would exceed the limit of any federal deposit insurance coverage.

Credits

Laws 2000, c. 81, § 83, eff. Nov. 1, 2000.
18 Okl. St. Ann. § 381.82, OK ST T. 18 § 381.82
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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