Okla. Stat. tit. 18, § 18-381.64
This is the official text of Okla. Stat. tit. 18, § 18-381.64, 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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Authorized foreign associations
Official statutory text
Except as this act otherwise provides, no foreign association
shall be granted permission by the State Banking Commissioner or the
Secretary of State to do business within this state and each foreign
association now holding a certificate of authority issued by the
Commissioner may continue to do business through its duly appointed
agent but only in the county where it is now operating. Each such
foreign association shall remain subject to supervision, and to
examination as deemed necessary, by the Commissioner and to the
rules of the Commissioner and shall make no loans in this state and
accept no deposit accounts in this state other than loans and
deposit accounts of a class which are authorized for Oklahoma
chartered associations. In the event an authorized foreign
association fails to comply with the provisions of this act or with
the requirements of the Commissioner, or to keep on file with the
Commissioner and the Secretary of State a written appointment of its
resident agent upon whom service of summons and all other legal
process may be had, or to pay the supervisory fees provided by this
act, the Commissioner may revoke the certificate of authority of
such association and invoke other remedies as provided by law. In
the event of such revocation, the Secretary of State shall revoke
and cancel the certificate of domestication of such association.
shall be granted permission by the State Banking Commissioner or the
Secretary of State to do business within this state and each foreign
association now holding a certificate of authority issued by the
Commissioner may continue to do business through its duly appointed
agent but only in the county where it is now operating. Each such
foreign association shall remain subject to supervision, and to
examination as deemed necessary, by the Commissioner and to the
rules of the Commissioner and shall make no loans in this state and
accept no deposit accounts in this state other than loans and
deposit accounts of a class which are authorized for Oklahoma
chartered associations. In the event an authorized foreign
association fails to comply with the provisions of this act or with
the requirements of the Commissioner, or to keep on file with the
Commissioner and the Secretary of State a written appointment of its
resident agent upon whom service of summons and all other legal
process may be had, or to pay the supervisory fees provided by this
act, the Commissioner may revoke the certificate of authority of
such association and invoke other remedies as provided by law. In
the event of such revocation, the Secretary of State shall revoke
and cancel the certificate of domestication of such association.
Status: in_force · Read it on the official government site
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