Okla. Stat. tit. 18, § 18-381.71
This is the official text of Okla. Stat. tit. 18, § 18-381.71, 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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Definitions
Official statutory text
As used in this section and Sections 381.72 and 381.73 of this
title:
1. "Acquire" means:
Oklahoma Statutes - Title 18. Corporations Page 81
a. the merger or consolidation of an out-of-state savings
institution with or into an in-state savings
institution,
b. the acquisition by an out-of-state savings institution
of direct or indirect ownership or control of voting
shares or, in the case of a mutual savings
institution, voting rights of an in-state savings
institution if, after such acquisition, such out-of-
state savings institution directly or indirectly owns
or controls twenty-five percent (25%) or more of any
class of voting shares or voting rights of such in-
state savings institution, excluding shares or rights
owned or held by the United States or by any
organization wholly owned by the United States,
c. the acquisition by an out-of-state savings institution
of the direct or indirect ownership of all or
substantially all of the assets, including, if agreed,
the assets of any branches and facilities, of an in-
state savings institution, or
d. any other action that would result in the direct or
indirect ownership or control by an out-of-state
savings institution of an in-state savings
institution;
2. "Control" means direct or indirect ownership of or holding
with the power to vote twenty-five percent (25%) or more of the
voting shares, or in the case of a mutual savings institution, the
voting rights, excluding shares or rights owned or held by the
United States or by any organization wholly owned by the United
States, or the power in any manner to elect a majority of the
directors or directly or indirectly to exercise a controlling
influence, as determined by the State Banking Commissioner after
notice and an opportunity for hearing, on the management or policies
of a company;
3. "Holding company" means a company which owns or controls one
or more savings institutions organized under the laws of any state
or the laws of the United States;
4. "Main office" means the office of a savings institution
designated by the Commissioner or the Office of Thrift Supervision
as the main office of the institution and located within the United
States;
5. "In-state savings institution" means a savings institution
organized under the laws of this state or the laws of the United
States whose main office is located in Oklahoma;
6. "Oklahoma holding company" means a holding company organized
under the laws of this state;
Oklahoma Statutes - Title 18. Corporations Page 82
7. "Out-of-state savings institution" means any savings
institution organized under the laws of another state or the laws of
the United States whose main office is located in another state;
8. "Savings institution" means any association or federal
association, or as the context requires, any holding company or
subsidiary of such savings institution; and
9. "Subsidiary" means a company which is owned or controlled by
a savings institution.
title:
1. "Acquire" means:
Oklahoma Statutes - Title 18. Corporations Page 81
a. the merger or consolidation of an out-of-state savings
institution with or into an in-state savings
institution,
b. the acquisition by an out-of-state savings institution
of direct or indirect ownership or control of voting
shares or, in the case of a mutual savings
institution, voting rights of an in-state savings
institution if, after such acquisition, such out-of-
state savings institution directly or indirectly owns
or controls twenty-five percent (25%) or more of any
class of voting shares or voting rights of such in-
state savings institution, excluding shares or rights
owned or held by the United States or by any
organization wholly owned by the United States,
c. the acquisition by an out-of-state savings institution
of the direct or indirect ownership of all or
substantially all of the assets, including, if agreed,
the assets of any branches and facilities, of an in-
state savings institution, or
d. any other action that would result in the direct or
indirect ownership or control by an out-of-state
savings institution of an in-state savings
institution;
2. "Control" means direct or indirect ownership of or holding
with the power to vote twenty-five percent (25%) or more of the
voting shares, or in the case of a mutual savings institution, the
voting rights, excluding shares or rights owned or held by the
United States or by any organization wholly owned by the United
States, or the power in any manner to elect a majority of the
directors or directly or indirectly to exercise a controlling
influence, as determined by the State Banking Commissioner after
notice and an opportunity for hearing, on the management or policies
of a company;
3. "Holding company" means a company which owns or controls one
or more savings institutions organized under the laws of any state
or the laws of the United States;
4. "Main office" means the office of a savings institution
designated by the Commissioner or the Office of Thrift Supervision
as the main office of the institution and located within the United
States;
5. "In-state savings institution" means a savings institution
organized under the laws of this state or the laws of the United
States whose main office is located in Oklahoma;
6. "Oklahoma holding company" means a holding company organized
under the laws of this state;
Oklahoma Statutes - Title 18. Corporations Page 82
7. "Out-of-state savings institution" means any savings
institution organized under the laws of another state or the laws of
the United States whose main office is located in another state;
8. "Savings institution" means any association or federal
association, or as the context requires, any holding company or
subsidiary of such savings institution; and
9. "Subsidiary" means a company which is owned or controlled by
a savings institution.
Status: in_force · Read it on the official government site
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