§6-2021. Conversion of credit unions.
A credit union chartered under the laws of the State of Oklahoma may be converted to a state credit union under the laws of any other state, or to a federal credit union either within or without the State of Oklahoma. A credit union chartered under the laws of the United States or any other […]
§6-2107. Annual license fees – Renewals – Display of license certificate – Exception.
A. Before any license is issued or renewed, the applicant or licensee shall pay an annual license fee in the amount of Two Hundred Dollars ($200.00), plus Ten Dollars ($10.00) for each location within this state at which checks of the licensee are issued or sold. With respect to license renewals, every licensee, on or […]
§6-2124. Acts required of licensees – Deadline – Exception.
(a) 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 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 […]
§6-2022. Merger of credit unions.
Any credit union may, with the approval of the State Credit Union Board, merge with another credit union under the existing charter of the other credit union, pursuant to any plan agreed upon by the majority of the board of directors of each credit union joining in the merger, and approved by the affirmative vote […]
§6-2108. Surety bond or irrevocable letter of credit.
Each approved applicant shall furnish a corporate surety bond in the principal sum of One Hundred Thousand Dollars ($100,000.00) for one (1) to fifteen (15) locations within this state at which checks of the licensee are issued or sold, Two Hundred Fifty Thousand Dollars ($250,000.00) for sixteen (16) to five hundred (500) locations within this […]
§6-2201. Short title.
Sections 2201 through 2206 of this title and Sections 5 and 6 of this act shall be known and may be cited as the “Financial Privacy Act”. Its purpose is to maintain the privacy and confidentiality of the records of customers of financial institutions. Added by Laws 1979, c. 191, § 1. Amended by Laws […]
§6-2023. Exercising power of federally chartered credit union – Exceptions.
A credit union chartered under the laws of the State of Oklahoma, the member accounts of which are insured under Title II of the Federal Credit Union Act, may exercise any of the powers of a federally chartered credit union doing business in this state, until otherwise provided by the Legislature; and provided that the […]
§6-2109. Additional bond – Deposit of securities in lieu of bond.
(a) If the Commissioner shall find at any time that any bond required under this act is insecure or exhausted, an additional bond to be approved by the Commissioner shall be filed by the licensee within ten (10) days after written demand therefor by the Commissioner. (b) In lieu of any bond required under this […]
§6-2202. Definitions.
(a) “Financial institution” means any office or branch of a bank, savings bank, savings association, building and loan association, savings and loan association and credit union located in the State of Oklahoma. (b) “Financial record” means any original of, or any copy of, any record held by a financial institution, or any information derived therefrom, […]
§6-2024. Joint tenancy shares and deposits.
When shares are owned or a deposit is made in the joint names of a member and one or more persons, payable to any of them or the survivor, such shares or deposit, or any part thereof, or any dividends or interest thereon, may be paid to any of the persons, whether one of those […]