Okla. Stat. tit. 2, § 2-5-82

This is the official text of Okla. Stat. tit. 2, § 2-5-82, part of Oklahoma’s Stat. tit. 2, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 2,." Browse the sections below, each linked to its official government source.

Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.

Definitions

Official statutory text

As used in the Oklahoma Agricultural Linked Deposit Program:

1. "Agricultural domestic corporation" means any domestic

corporation formed or licensed pursuant to the Oklahoma General

Corporation Act or a limited domestic liability company formed or

licensed pursuant to the Oklahoma Limited Liability Company Act and

meeting the requirements of paragraph 5 of subsection A of Section

955 of Title 18 of the Oklahoma Statutes and meeting the

requirements of subsection A of Section 951 of Title 18 of the

Oklahoma Statutes;

2. "Agricultural linked deposit" means a certificate of deposit

placed by the State Treasurer with an eligible lending institution

or an investment in bonds, notes, debentures, or other obligations

or securities issued by the federal farm credit bank with regard to

an eligible lending institution for the purpose of carrying out the

intent of this program;

3. "Agricultural Linked Deposit Loan Package" means the forms

provided by the State Treasurer for the purpose of applying for an

agricultural linked deposit;

4. "Alternative agricultural products" means those products

included in a report submitted by the Cooperative Extension Service

of Oklahoma State University to the Oklahoma Department of

Agriculture, Food, and Forestry, and any other products which the

State Board of Agriculture determines will diversify Oklahoma's

agricultural industry so as to broaden Oklahoma's economic base, but

alternative agricultural products shall not mean medical marijuana

growing operations;

5. "An at-risk farm or ranch business" shall be one that seeks

a production loan and meets the following criteria:

a. at least sixty percent (60%) of gross income derived

from farming and/or ranching, and

b. a debt-to-asset ratio over forty percent (40%);

6. "Eligible agricultural business" means:

a. any person engaged in producing, processing, or

marketing alternative agricultural products,

b. any person who is establishing a veterinary practice

in which at least thirty percent (30%) of the practice

consists of services for large animals and the total

loan amount shall not exceed Two Hundred Fifty

Thousand Dollars ($250,000.00),

c. an at-risk farm or ranch business operating within the

State of Oklahoma, or

d. a healthy corner store as certified by the Oklahoma

Department of Agriculture, Food, and Forestry;

Oklahoma Statutes - Title 2. Agriculture Page 217

7. "Eligible lending institution" means a financial institution

that agrees to participate in the Oklahoma Agricultural Linked

Deposit Program, and:

a. is eligible to be a depository of state funds, or

b. is an institution of the farm credit system organized

under the federal "Farm Credit Act of 1971", 12 U.S.C.

2001, as amended; and

8. "Healthy corner store" means a grocery store certified by

the Oklahoma Department of Agriculture, Food, and Forestry pursuant

to rules adopted by the State Board of Agriculture that markets

locally grown fresh fruits and vegetables and nutritious foods and

for which the sale of beer and tobacco products constitutes less

than ten percent (10%) of its gross sales excluding gasoline and

other nongrocery products, such other requirements as may be

established in rules adopted by the State Board of Agriculture, and

that is located in a geographical area that is underserved by

grocery outlets meeting those requirements.

Status: in_force · Read it on the official government site

Need a lawyer in Oklahoma?

Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.