Okla. Stat. tit. 18, § 18-381.53b

Appraisals - Assessments.

Oklahoma Statutes - Title 18. Corporations Page 57

A. If the State Banking Commissioner, as a result of any

examination or from any report made to the Commissioner, finds that

the permanent capital stock of any association is impaired, the

Commissioner shall notify the association that such impairment

exists and require the association to immediately make good such

impairment. After such notice has been given to an association and

until the impairment has been made good, that association may not

issue or renew any time instrument if that instrument, when

aggregated with any other funds of the same depositor in the same

capacity, would equal or exceed One Hundred Thousand Dollars

($100,000.00) unless such time instrument earns an annual rate of

interest less than four percent (4%). In the event the amount of

the impairment as determined by the Commissioner is questioned by

the association, then upon application, which shall be filed within

ten (10) days, the value of the assets in question shall be

determined by appraisals made by independent appraisers acceptable

to the Commissioner and the association.

B. The directors of the association, upon which such notice has

been made, shall levy a pro rata assessment upon the permanent

capital stock thereof to make good such impairment and shall cause

notice of such request of the Commissioner and such levy to be given

in writing to each stockholder of such association and the amount of

assessment which the stockholder must pay for the purpose of making

such assessment.