Okla. Stat. tit. 18, § 18-381.38
This is the official text of Okla. Stat. tit. 18, § 18-381.38, 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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Classification of deposit accounts
Official statutory text
Any association may classify its deposit accounts according to
the character, amount or duration thereof, or regularity of
additions thereto, and may pay additional or higher rates of
earnings on accounts based on such classifications than is paid on
regular deposit accounts, provided that any such higher rate, or
bonus, to be paid on any class of accounts shall not exceed the
limitations prescribed by the State Banking Commissioner or by
applicable federal regulations. A mutual association may also
classify its accounts according to type of account, such as full
paid, single payment, installment, optional installment, bonus or
other types of accounts designated by the bylaws and permitted by
the Commissioner.
the character, amount or duration thereof, or regularity of
additions thereto, and may pay additional or higher rates of
earnings on accounts based on such classifications than is paid on
regular deposit accounts, provided that any such higher rate, or
bonus, to be paid on any class of accounts shall not exceed the
limitations prescribed by the State Banking Commissioner or by
applicable federal regulations. A mutual association may also
classify its accounts according to type of account, such as full
paid, single payment, installment, optional installment, bonus or
other types of accounts designated by the bylaws and permitted by
the Commissioner.
Status: in_force · Read it on the official government site
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