Okla. Stat. tit. 18, § 18-381.24c
This is the official text of Okla. Stat. tit. 18, § 18-381.24c, part of Oklahoma’s Stat. tit. 18, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 18,." Browse the sections below, each linked to its official government source.
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Military savings facilities - Certificate -
Official statutory text
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.
Oklahoma Statutes - Title 18. Corporations Page 36
C. 1. No association shall be permitted to maintain and
operate such military savings facility, except on certificate issued
by the Commissioner. The issuance of such certificate shall rest
solely in the discretion of the Commissioner.
2. The application for a certificate to maintain and operate a
military savings facility shall comply with the regulations of the
Commissioner. An application fee shall be payable to the Oklahoma
State Banking Department in an amount set by rule of the
Commissioner.
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.
D. A violation of any portion of this section shall be and
constitute a misdemeanor punishable upon conviction by a fine not
exceeding Five Hundred Dollars ($500.00). Each day's violation
shall constitute a separate offense.
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.
Oklahoma Statutes - Title 18. Corporations Page 36
C. 1. No association shall be permitted to maintain and
operate such military savings facility, except on certificate issued
by the Commissioner. The issuance of such certificate shall rest
solely in the discretion of the Commissioner.
2. The application for a certificate to maintain and operate a
military savings facility shall comply with the regulations of the
Commissioner. An application fee shall be payable to the Oklahoma
State Banking Department in an amount set by rule of the
Commissioner.
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.
D. A violation of any portion of this section shall be and
constitute a misdemeanor punishable upon conviction by a fine not
exceeding Five Hundred Dollars ($500.00). Each day's violation
shall constitute a separate offense.
Status: in_force · Read it on the official government site
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