TITLE 18. SAVINGS AND LOAN ASSOCIATIONS

Updated: 11/20/2003

Section
381.1 Short Title
381.2 Definitions
381.2a Successor agency to Federal Savings and Loan Insurance Corporation – Construction of terms
381.3 Conformity of existing associations
381.4 Existing capital accounts
381.5 Abolition of Oklahoma Savings and Loan Board – Transfer of power, duties and responsibilities to State Banking Commissioner
381.5a Savings and Loan Advisory Council
381.6 Repealed by Laws 1993, c. 183, section 73, eff. July 1, 1993
381.6a Records of banking department - Public inspection - Confidentiality
381.7 Repealed by Laws 1985, c. 178, section 81, operative July 1, 1985
381.7a. Examinations and reports
381.8 Repealed by Laws 1993, c. 183, section 73, eff. July 1993
381.8a Preservation of Documents by the Department
381.9 Authority of State Banking Commissioner to grant additional powers
381.10 Certificate of authority
381.11 Supervision by State Banking Commissioner
381.12 Repealed by Laws 1993, c. 183, section 73, eff. July 1993
381.13 Savings and loan administrator
381.14 Limitation of liability
381.15 Examinations and annual fees
381.16 Filing requirements for new mutual and stock associations
381.17 Contents of certificate of corporation
381.18 Application and supporting data
381.19 Hearing of the application
381.20 Required savings capital
381.21 Corporate existence – Organization meeting
381.22 Corporate name
381.23 Exclusiveness of name
381.24 Office locations and change of name
381.24a Branch banking – Definitions – Geographical limitations – Deposit limitation – Certificate
381.24b Detached facilities – Distance limitations – Certificates – Application – Making of loans prohibited – Penalty
381.24c Military savings facilities – Certificate – Application – Functions permitted - Penalty
381.24d Consumer banking electronic facilities – Assistance in operation of facility – Access – Authority of federal savings associations
381.24e Operations centers
381.24f Origination of loans and Production of Deposits at locations other than main office or branch office
381.24g Associations Acting as Agent
381.25 Amendment of certificate of incorporation
381.26 Bylaws – Resolutions of savings and loan associations – Limiting director’s liability
381.27 Membership and voting rights
381.28 Members’ meetings
381.29 Voting by proxy
381.30 Quorum
381.31 Directors
381.31a Directors Exam
381.32 Officers
381.33 Indemnification – Directors, officers, employees and agents
381.34 Fidelity bonds – Waiver
381.35 Financial statement
381.36 Reserves and liquidity
381.37 Capital – Savings accounts – Savings deposits – Liability
381.38 Classification of savings accounts or savings deposits
381.39 Ownership of accounts or deposits – Payable on death
381.39a Deposits in name of two or more persons-Payment of deposit or interest thereon-Change in designation of beneficiary-Release and discharge of bank-Forms of deposit accounts included
381.40 Joint accounts or deposits – Payable on death
381.40a Deposits in form of trust for another
381.41 Minor’s accounts or deposits
381.41a Minor's accounts or deposits
381.42 Accounts or deposits of incompetents
381.43 Accounts or deposits of administrators, executors, conservators, guardians, trustees or other fiduciaries
381.44 Accounts or deposits of deceased nonresidents
381.45 Power of attorneys – Revocation
381.46 Right to withdraw
381.47 Notice and payment of withdrawals
381.48 Repealed by Laws 1978, c. 168, section 38, eff. July 1, 1979
381.48a Deposits in name of sole individual without designation of beneficiary-Transfer to known heirs-Affidavit-Release and discharge-Submission of false affidavit-Penalties
381.49 Earnings on savings accounts or deposits
381.50 Requirements to become deposit - type association or stock association
381.51 Deposits authorized
381.52 Repealed by Laws 1987, c. 61, section 26, emerg. eff. May 4, 1987
381.52a Additional powers and authority regarding deposit accounts and safe deposit boxes – Fiduciary duties or obligations
381.52b Savings accounts other than savings deposits
381.53 Savings accounts other than savings deposits
381.53a Permanent capital stock – Common and preferred stock – Redemption – Paid-in surplus – Dividends – Minimum capital requirements
381.53b Impairment of permanent capital stock – Notice – Appraisals – Assessments
381.53c Refusal or neglect to pay assessment – Sale of stock – Payment of assessment
381.53d Proceeds from assessment – Disposition
381.53e Permits to sell stock – Application – Issue of permit – Conditions – Amendment, alteration or revocation
381.53f Insurance
381.54 General powers
381.55 Investment in real property
381.56 Investment in securities
381.57 Loans
381.58 Loan rates of interest
381.59 Conversion into federal association
381.60 Conversion into state-chartered association
381.61 Merger or consolidation
381.62 Voluntary liquidation
381.63 Repealed by Laws 1987, c. 61, section 26, emerg. eff. May 4, 1987
381.64 Authorized foreign associations
381.65 Limited certificate of authority – Activities of unauthorized associations
381.66 Federal associations
381.66a Conversion into national banking association or Oklahoma - chartered bank – Vesting of property rights – Pending actions – Conversion of mutual associations – Disposition of preexisting reserves
381.66b Conversion of national banking association or Oklahoma-chartered bank into stock association – Election of directors – Certificate – Nonconforming assets or business activities
381.66c Merger of national banking associations or Oklahoma - chartered banks into stock association – Approval by boards of directors – Terms of agreement – Approval by Board – Approval by stockholders
381.66d Merger of stock association into national banking association – Rights and liabilities of association and stockholders – Applicable law
381.67 Repealed by Laws 1980, c. 68, section 1, eff. April 10, 1980
381.68 Repealed by Laws 1989, c. 154, section 2, operative July 1, 1989
381.69 Repealed by Laws 1980, c. 68, section 1, eff. April 10, 1980
381.70 Repealed by Laws 1980, c. 68, section 1, eff. April 10, 1980
381.71 Definitions
381.72 Repealed by Laws 1990, c. 188, section 26, emerg. eff. April 23, 1990
381.73 Acquisition of control – Prohibited transactions – Approval of acquisition – Branching, acquisition and conversion by subsidiaries – Limitations and restrictions – Applicable law – Penalties
381.74 Involuntary liquidation by commissioner – Notice of possession – Omission of hearing - Execution upon association assets prohibited – Vacation of liens and transfer of assets – Power to borrower money and pledge association’s assets – Commissioner’s expenses
381.75 Reorganization – Standards of plan – Modification or elimination of plan
381.76 Liquidation by commissioner
381.77 Liquidation by Federal Deposit Insurance Corporation
381.78 Removal of officer, director or employee by commissioner
381.79 Appeal from orders of the Commissioner
381.80 Criminal sanctions, violations of rules and orders-Nonapplicability where criminal sanctions imposed in other sections of Code
381.81 Unlawful payment of penalties and judgments against others, including directors and officers
381.82 Receipt of deposit after notification of insolvency
381.83 Unlawful service as officer or director
381.84 Embezzlement or misapplication of funds
381.85 Libel and slander
381.86 Injunction